Can't delete "I have at risk losses carrying over from 2023" under Special Situations in Schedule C info

[gjmwilliams]

Trying to undersand a 465d carryover from 2023.  Not sure it's valid but can't eliminate it from the above section.

[AmeliesUncle]

It is extremely rare that a Schedule C would have At-Risk limits.

Assuming it was an error (which likely will give you a refund for 2023), you should amend your 2023 tax return.  Then transfer the newly amended file to 2024 that does not have the At-Risk carryover. 

[gjmwilliams]

Yes that worked. thanx,

[Kkinloch]

Hello, how do you amend a previous year’s return? I believe I’m having the same issue.

[PatriciaV]

You will be able to file an Amended Tax Return after the IRS has accepted and processed your original filed return. This may take a few weeks, especially if you are due a refund. 

Once the form is ready, TurboTax can help you file the amendment.  To learn more about amending your tax return, please review the information here: How to Amend a Return You Already Filed 

@Kkinloch