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zsper
Returning Member

Line 31 of schedule C not computing

My line 29 of schedule C is a negative number. Line 30 is showing up blank since I don't have a home office to deduct. However line 31 is showing up as 0. Also possibly related is my taxable income under this business is showing up as 0. For the at-risk I have "all of my investment in this activity is at risk".

What is causing this error, and how do I fix it

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3 Replies
CatinaT1
Expert Alumni

Line 31 of schedule C not computing

You have box 32a checked? Is the checkbox on line 1 under income checked for some reason?

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zsper
Returning Member

Line 31 of schedule C not computing

box 32a is checked and the box on line 1 is not checked. Is this not correct?

DawnC
Expert Alumni

Line 31 of schedule C not computing

Sounds like the at-risk box is stuck.   Try checking the 32b box and then switching it back to 32a a few times; maybe that will unstick it.     Delete any 8829 forms that may have been erroneously  started.   Use the instructions below to delete forms in TurboTax.  

 

How to delete forms in TurboTax Online   

How to delete forms in TurboTax Desktop

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