turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I accidentally selected "None of My Investment is at Risk" instead of "All investment is at risk" for Schedule C line 32. How can I change this?

Basically I'm trying to edit Schedule C Box 32 but cannot for the life of me figure out how to do it!
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies

I accidentally selected "None of My Investment is at Risk" instead of "All investment is at risk" for Schedule C line 32. How can I change this?

On the "Your Self-Employed work summary" page, click Edit next to your business.
Scroll down to Uncommon Situations (under the list of expenses) and click Edit or Start.
Check the box that says: "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".
Click Continue

I accidentally selected "None of My Investment is at Risk" instead of "All investment is at risk" for Schedule C line 32. How can I change this?

So this option isn't appearing. All I see is:

 
I have unused section 179 expenses carrying over from last year.
 
I have passive activity losses carrying over from last year.
 
I have at-risk losses carrying over from last year.
 
During the year, I disposed of nondepreciable business assets or section 1252, section 1254, or section 1255 property.

I accidentally selected "None of My Investment is at Risk" instead of "All investment is at risk" for Schedule C line 32. How can I change this?

I don't know what I did, but I tried this again and just clicked through a few of these and toggled my answers differently, then this question finally popped back up again!

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question