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You probably have Line 32b marked instead on 32a marked on Schedule C. Check that line and edit it if necessary. Is my business investment at risk? If 32b is marked, you can't claim a loss. Your investment has to be marked ''at risk'' - - It is extremely rare for your business to be not at risk. 32a is the normal box to be marked there.
I did not directly input anything on Schedule. I simply responded to Turbotax questionaire like I have done in previous years. How can I get TT to display the full Schedule C so I can review and/or make corrections where necessary or to force TT to go over all the questionaire. Everytime I search for Schedule C and select it, it takes me directly to the Self-Employment Income and Expenses section.
You must be working online with TurboTax, where you can't see the forms until you pay for the program. To check on the "at risk" situation, you need to update/edit your business entries and on the screen that says Your (name of business) Business, choose the Final Details option, and then Special Situations. On the next screen make sure the option that says I have money invested in this business that I am not at risk of losing is not checked, assuming you qualify.
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