I have a limo service that requires a commercial auto insurance and I also had a personal auto insurance.TurboTax is not offsetting the commercial cost from personal tax.

[lion]

I reported my insurance cost for my commercial auto in my LLC income and expenses, the income for the LLC is much lower than insurance, so I am at loss, but the cost of insurance does not offset to my personal tax bill. Why? The commercial auto insurance is required for business use, but I also have a personal insurance for personal use of the vehicle.

[PatriciaV]

If the loss from your self-employed business is not flowing to Schedule 1 Line 3, you may have missed the question about all investment being "at risk." If this box isn't checked, your loss may be limited.

To confirm you have reported this as an "at-risk" venture, return to the Self-Employment topic.

1. Scroll down to bottom: Unused expenses, carry overs, non-depreciable assets, etc. >> Edit
2. Answer or edit questions regarding business situation(s).
3. Enter/edit At-Risk Loss Carryovers as negative numbers, if applicable. Even if you had no carryover, check this box and enter zero. This will force the software to check the at-risk box.
4. Continue back to business summary >> I'm Done (at bottom).

If you need extra time, filing an extension by April 15, 2026, moves your submission deadline to October 15. But remember any taxes owed are still due in full by the original April 15 date.