Level 11

Business & farm

A couple of thoughts:

  • Have you actually looked at your return to understand what your Schedule C looks like?
  • You need to go through the TT questions and make sure you answer the question about at-risk correctly.  You need to make sure you check the box where it asks if all of your investment is "at-risk".
*A reminder that posts in a forum such as this do not constitute tax advice.*