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Level 2
March 7, 2026
Solved

Schedule C missing in my tax return

  • March 7, 2026
  • 1 reply
  • 0 views

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?

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.

1 reply

Level 15
March 7, 2026

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
March 7, 2026

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."
rsubr11Author
Level 2
March 7, 2026

@ 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.


I found it in the "uncommon situations" and was able to fix it.  Thank you SO MUCH!!