In TurboTax Desktop Home & Business, have you selected at-risk limitations I have money invested in this business that I am not at risk of losing at the screen Do you have any of these other business situations?
To check, follow these steps:
- Across the top of the screen, select Business.
- Across the top of the screen, select Business income and expenses.
- Select I'll choose what I work on.
- At the screen Let's gather your business info, select Start/Update to the right of Profit and loss from Business.
- At the screen Here's the business info we have so far, select Edit.
- At the screen Your business, scroll down to Final Details.
- Select Start/Update to the right of Carryovers, limitations, summary, at-risk, etc.
- At the screen Do you have any of these other business situations, make sure that you have not checked the box to the left of I have money invested in this business that I am not at risk of losing.
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