Understanding aggregated activities for section 465 at risk purposes

[schfiftyfive115]

I’m currently doing my taxes on TurboTax business. From my understanding I think I should be checking off “aggregated activities for section 465 at risk purposes”. I am an S-Corp with material spending. I don’t think I’m at risk for more than one activity as my expense is ONLY material. Am I correct? 

[DaveF1006]

It depends. if your S-Corp's activities are limited to material spending and you don't have multiple distinct activities that would require separate at-risk calculations, you likely wouldn't need to aggregate activities for Section 465 at-risk purposes. 

Aggregation is typically used when there are multiple activities that share interdependence, resources, or management, and it helps to simplify at-risk calculations.