Sched c line 32 investment at risk? I had a small net loss on my biz in 2010, what does this line mean "at risk" or "not at risk"?

    If you don't know what it means then probably All your Investment is at Risk (check Box 32a). It means you are using your own money for the business.

    Check Box 32b Not at Risk, if you have amounts invested in this business for which you are not at risk, such as the following:
    ---Non-recourse loans used to finance the business
    ---Cash, property or borrowed amounts used in the business that are protected against loss by a guarantee, stop-loss agreement, or other similar arrangement (excluding casualty insurance and insurance against tort liability).
    ---Amounts borrowed for use in the business from a person who has an interest in the business, other than as a creditor.

    If you have money not at risk you can not take a loss on schedule C.
    • How do you get back to that page to make the change?
    Go to Business tab-Continue
    Choose Explore on my own (if it comes up)
    Business Income and Expenses

    Profit or Loss from Business, click Start or Update.  

    You should see the Business Summary page that lists your businesses, (right below the list you can Add Another Business)

    Then click EDIT by the business name and the next screen should be a list of 5 topics,  starting with Business Profile, Income is 3rd,  Expenses is 4th, and Final Details is 5th and last.

    Click START or Update by Final Details

    BOX 32a or 32b NOT AT RISK
    Make sure the 5th box on the next screen is BLANK. (It says...I have money invested in this business that I am NOT at risk of losing.)
    Then hit Continue and then Done with Business
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