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If you have money NOT at risk of losing, you can not take a loss on schedule C. If you don't know what it means then probably All your Investment is at Risk (check Box 32a). It means you are using your own money for the business. People usually check the wrong box. If you need to find where to change the At Risk box on line 32 here are my old notes. Hopefully they still work or will get you close. Go back to your Self-Employment Income. Click on Edit to review your business entries. Then scroll down to Uncommon Situations, click Edit and check or uncheck the box. If your investment is at risk, don't check the box. You may need to delete Form 6198 if you had the box checked and are now unchecking it. How to delete forms https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-forms/view-delete-forms-turbotax-online/L7SZhwCHv_US_en_US?uid=lgn2u570 You can get back to the question about your business investment being at risk by going to the Schedule C and finding the Final Details > Special Situations section (if using TurboTax Home and Business) or the Uncommon Situations section (if using TurboTax Online). One user said…. Scroll to the bottom of the screen until you see the Uncommon Situations section, then click Start or Edit beside Carryovers, limitations, at risk information. Within those sections, there will be a check-box to indicate '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.' Uncheck that box if your investment in your business is not at risk.

The question about At-Risk limitations (Schedule C Line 32) appears under Uncommon Situations at the bottom of the Schedule C list of expenses and income - but only if your business is showing a loss. If that applies to your business, click the pencil icon (edit) to the right of Uncommon Situations, then click Continue to bring up the At-Risk question. You can change your answer on this page.   According to the IRS Instructions for Schedule C: "You don’t need to complete line 32 if line 7 is more than the total of lines 28 and 30." In other words, Line 32 is blank if your business reports a profit for the year.

We anticipate the depreciation calculations within the software should be updated after February 13, 2026. Our tech team is working hard to release the updates before that date.    Please be aware that this update will affect depreciation for Schedule E (Rental Properties) only. Schedule C (Self-Employment) was updated previously and should be working in all versions of TurboTax.

We are aware that some customers are experiencing issues when trying to file their taxes and get a message saying the 2025 transmissions are not available yet.     We're currently investigating this issue.    We will inform you once the program is updated.

Pursuant to my original post, I tried installing on a clean install of Windows 11 on a different machine along with turning off firewalls in windows, modem,router and turning off anti virus, still no luck. Also tried hardwire network, wifi and wifi on phone hotspot. Nothing but error 54. Still hoping the weekly update on Feb 6 fixes the issues on the Intuit side.  

I just called turbo tax and spent about a good 1.5 hours in the phone but it really put my mind at ease when the lady I was talking to went to IT after explaining the situation and I told her to look this thread up about the matter and she told me at the end that there is a glitch with the system and as long as the 1040 shows what your getting that’s what you will receive. Hopefully they fix this for future users but if you want confirmation give them a call explain and tell them about this thread and they will tell you what’s going on.

TurboTax doesn't use the amount from the box 14 entry on the W-2 page. Box 14 is a memo field, and the employer can put anything there they want. However, enter "Clergy Housing" in the description for Box 14. On the next page, choose "Other," then follow the prompts through the W-2 interview to enter information about your housing payments. Be sure to check any boxes that mention clergy or religious employment.   See this article for more help: How do I enter a parsonage or housing allowance reported on a W-2?

To enter, edit or delete your Form 1095-A - Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Medical On Affordable Care Act (Form 1095-A), click the start or update button On the Form 1095-A Summary screen, click on the trash can symbol to delete the form