To select the At-Risk box, try this procedure in TurboTax Online:
- Type in schedule c the search box, top right of your screen, then click the magnifying glass
- Click the jump to schedule c link in the search results
- On the Your 2021 self-employed work summary page, scroll down to the self-employment module you want to enter the at-risk code in, and select Review or Edit to the right
- Scroll down the Here's your [self-employment] info page, and select Start or Edit to the right of Carryovers, limitations, at risk information, etc.
- Make sure that the box to the left of I have money invested in this business that I'm not at risk of losing; that is, certain cash, property, or borrowed amounts that are protected from loss is not selected. You may need to select the box next to I have at risk losses carrying over from 2020, if that’s appropriate. Then select Continue at the bottom
Please note that you don’t need to make an at-risk selection on line 32 of Schedule C if line 7, Gross income, is more than the total of line 28, Total expenses, and line 30, Expenses for business use of your home.
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