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Question

First Year LLC Why Asking about Risk Loss

Forum|Forum|1 year ago
April 10, 2025
1 reply
0 views

Started LLC event planning business in 2024. Why is TT H& B asking me in line 32 a and 32b about investment at risk? No other years for this business.

How should I answer this question?

Employee

You answer YES. You are answering for your own self employment not the company that pays you.

If you have money not at risk you can not take a loss on schedule C. 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.