just before filing the taxes it asked if my wages are at risk. I clicked the wrong thing it took my return amount down. Where do I find that to click it again
See if my notes still work.
You can get back to the question about your business investment being at risk by going to the Schedule C and finding the Final Details > Special Situations section (if using TurboTax Home and Business) or the Uncommon Situations section (if using TurboTax Self-Employed Online).
Within those sections, there will be a check-box to indicate '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.' Uncheck that box if your investment in your business is not at risk.
If you don't know what it means then probably All your Investment is at Risk (check Box 32a). It means you are using your own money for the business.
Check Box 32b Not at Risk, if you have amounts invested in this business for which you are not at risk, such as the following:
---Non-recourse loans used to finance the business
---Cash, property or borrowed amounts used in the business that are protected against loss by a guarantee, stop-loss agreement, or other similar arrangement (excluding casualty insurance and insurance against tort liability).
---Amounts borrowed for use in the business from a person who has an interest in the business, other than as a creditor.
If you have money not at risk you can not take a loss on schedule C.
See if my notes still work.
You can get back to the question about your business investment being at risk by going to the Schedule C and finding the Final Details > Special Situations section (if using TurboTax Home and Business) or the Uncommon Situations section (if using TurboTax Self-Employed Online).
Within those sections, there will be a check-box to indicate '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.' Uncheck that box if your investment in your business is not at risk.
If you don't know what it means then probably All your Investment is at Risk (check Box 32a). It means you are using your own money for the business.
Check Box 32b Not at Risk, if you have amounts invested in this business for which you are not at risk, such as the following:
---Non-recourse loans used to finance the business
---Cash, property or borrowed amounts used in the business that are protected against loss by a guarantee, stop-loss agreement, or other similar arrangement (excluding casualty insurance and insurance against tort liability).
---Amounts borrowed for use in the business from a person who has an interest in the business, other than as a creditor.
If you have money not at risk you can not take a loss on schedule C.