I show a small profit on Line 31, Schedule C. However, I did have a significant loss because I traded in a vehicle I used for business (Form 4797). The program insists I complete Line 32: 32A All investment is at risk, or 32B Some investment is not at risk.
I have no money invested or borrowed for this business other than what I spent on supplies and the cost of the vehicle, so should I check 32B??? This decision determines a refund of $2900 (32A) vs $1200 (32B).
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