Skip to main content
April 12, 2024
Question

How do I uncheck box? Error msg isSch C Wks (oil Investments) at risk box - part should not be checked since gross income is more than total expenses plus 7

  • April 12, 2024
  • 1 reply
  • 0 views
No text available

1 reply

PatriciaV
Employee
April 17, 2024

You may review and/or edit information regarding at-risk for your business, following these steps in TurboTax Online:

 

  1. In the left column, choose Federal >> Wages & Income >> Self-Employment and the ">" on the right.
  2. Click Edit to the right of business name.
  3. Scroll down to bottom: Carryovers, limitations, at risk information, etc. >> Edit.
  4. Answer or edit questions regarding business situation(s).
    Enter/edit At-Risk Loss Carryovers as negative numbers, if applicable.
  5. Continue back to business summary >> I'm Done (at bottom).

 

Using TurboTax Home & Business for desktop, you'll find this topic under Business >> Final Details >> Special Situations.

 

For more info, see Is my business investment at risk?

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"