QBI At Risk Op Loss must be entered

[lvangmark]

In reviewing my 2021 federal taxes, it's asking me to check my entry here on Schedule C. I don't know where to get this info from, QBI At Risk Op Loss must be entered. Can someone help?

[DianeW777]

The most important question being whether you actively participated and then if all of your investment is at risk.

1. Open your TurboTax Return 

1. Search (upper right) for schedule c > Press enter  > click the Jump to link in the search results
2. Edit beside your business > Edit beside General Info
3. Scroll to Other Situations > Edit under Actively Participated in this Work to select 'Yes'

1. Next on the 'Here's your info for this work' page scroll to Uncommon Situations
2. Select Edit next to 'Carryovers, limitations, at risk information, etc.'
3. Make sure you do not have a check box selected that is incorrect on this page 'Do you have any of these other business situations?'
   • Most importantly the 'at-risk' question- 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. 
   • You can use this link to become more familiar with what 'At-Risk' really means: Is my investment at-risk?
4. See the image below.

Lastly, it's important to clear cache, cookies and browsing history on a regular basis to remove pieces of information you thought should be gone in the back ground.  It helps more often than not.

• How to clear your cache

[lvangmark]

It doesn't allow me to edit my Schedule C. Under documents 2021 it gives me a way to upload documents only. 

[PatriciaV]

Please clarify what version of TurboTax you are using. TurboTax Online or the CD/Download version for desktop? In some cases the experience is different, as are the steps to access Schedule C.