Error to fix on CA State, 'at risk box' part should not be checked

Forum|Forum|2 years ago
September 27, 2023
2 replies
15 views

Get the error that the 'at risk box' should not be checked, as income exceeds deductions. Not sure how it got checked, not sure how to 'uncheck' it.

Won't let me under 'forms' for Schedule C worksheet. Went into Turbotax, I say 'no' for at risk carryovers, can't find the spot won't let me change worksheet 'red x' manually.

Help! Just want to finally file now.

Thanks,

Adam

psyadamAuthor

Level 5

Found spot that says, 'you indicated some of your investment is not at risk' and wants clarification. I'm a psychologist, nothing is at risk so what does it mean? been filing for 15 years with TT, never had this issue. Should I be stating all is 'at risk' instead?

Fralea113

Level 2

That looks like a bug. I have the same problem. As of 3/1/24, the bug has not been fixed to allow the user to fix the info in the box.

DawnC

Level 15

You are commenting on a post from last year. You can edit the At-Risk box in TurboTax. Let us know if you are working on your Schedule C in the desktop or online version of TurboTax. @Fralea113

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Fralea113

Level 2

I'm using the desktop Deluxe version. TurboTax has found 1 error in my California return and that is that "at risk" box. It gives me the box with a check mark above a panel that shows the highlighted red box in the Schedule C with an "x" in it. I cannot edit either boxes.