How do I delete the Total Foreign Earned Income section? I did not get foreign income because I was paid by the US government.

[mr_taj_mahal]

Also, For my freeze drying business section it is asking me is all or some of my investment at risk. I do not understand what this means. this is my first time doing taxes on my business.

[ThomasM125 · Accepted solution]

You can delete the Form 2555 Foreign Earned Income by following these steps:

1. Choose the Tax Tools option on your left menu bar while working on your return

2. Choose Tools

3. Choose the Delete a form option under Other Helpful links 

4. Find the Form 2555 in the list and delete it

You are at risk in a business to the extent you have money invested in it that you haven't recaptured. For instance, if you invested $10,000 in your business and it earned a profit of $5,000 in the first year, you would then be at risk for $15,000 in the business. If you then withdrew $15,000 from the business , you would be at risk for $0, since you recovered your original investment plus $5,000 that it earned.

Once your at risk goes below $0, you would say you are not at risk in the business.  It matters because you can't deduct business losses once your at risk goes below $0.