How is the farm at risk, If it is still growing?

[ejsinclair]

On the farming aspect of things, it had me check the box stating the our investment was at risk because our loss was greater than our income, in order to claim the loss we had this year. Our investment (this year) is in the heifers we kept lowing the income... Instead of selling the heifers, we hang on to them in order to grow the herd for next year.

[DianeW · Accepted solution]

The question being asked is trying to determine whether you have amounts invested for which you are not at risk, such as money from a relative or parents.

If you are all at risk in this farm venture then you DO NOT have amounts for which you are not at risk.

To correct the answer to your question you can follow the steps here.

1. Sign into your TurboTax account (online or desktop)

2. Select the Business tab

3. Continue > I'll choose what I work on

4. Select Farm Income & Expenses

5. Edit your farm 

6. Scroll to Final Details

7. Deselect the check box - I'm not at risk of losing all of the money I've invested in this farm. 

8. Click the "Learn More" button to see the "At Risk Rules".