Schedule C missing in my tax return

Forum|Forum|3 months ago
March 7, 2026
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I'm using "Do It Yourself Premium". I filled out all of the info for my business under "Self-employment income and expenses" but in the "income summary", the number for my business is blank (should be a loss), and the 1040 preview does not show an income adjustment from a Schedule C, which I expect to see in Schedule 1 Box 3. It looks like a Schedule C isn't being generated at all?

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Best answer by mesquitebean

Expert Reviewed

@ rsubr11 wrote:
Yes, I did answer "not at risk". And it says everything looks good-- but no Schedule C.

So you said your business is "NOT at risk???" That means you are not using your own money for this business, or have things like nonrecourse loans. Is that correct, or an error? In contrast, "at risk" means you are using your own money and are responsible for your own loss.

"Not at risk" would generate Form 6198.

mesquitebean

Level 15

Since you have a loss, did you answer the "at risk" questions at the end of the Schedule C interview? If so, how did you answer them?

And did you have expenses for business use of your home?

I'm not a tax expert, but they will want to know those things to further advise you.

rsubr11Author

Level 2

Yes, I did answer "not at risk". And it says everything looks good-- but no Schedule C.

And I am reviewing that section again and it clearly says "Your taxable income is $xxxx.xx lower!

Add expenses to reduce it even more."

mesquitebean

Level 15

Oh, I answered it wrong then. How do I change this?? Really appreciate your help. It sounded like "did I have the assets for the business invested where they are at risk".

If all the investment in your business is from your own money, and if you are liable for any loss from the business activity (i.e., no one else covers the loss), then that would be "at risk".

If it wasn't all from your money and someone else is responsible for all or part of the loss, that means some (or all) is not at risk. If you originally said the business was "NOT at risk", is there a Form 6198 in your list of forms?

Let me see if I can ask tax expert @ DawnC or @ MarilynG1 to assist you on why there is no evidence of a Schedule C in your online forms list and further explain this situation.