how can i change line 32a on schedule c? i answered the "all investment is at risk" question wrong.

Forum|Forum|1 year ago
March 20, 2025
3 replies
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using form 1040 and need to find a way to change my answer that is on lines 32a, 32b.

Best answer by VolvoGirl

You can get back to the question about your business investment being at risk by going to the Schedule C and finding the Final Details > Special Situations section (if using TurboTax Home and Business) or the Uncommon Situations section (if using TurboTax Online).

Within those sections, there will be a check-box to indicate 'I have money invested in this business that I'm not at risk of losing; that is, certain cash, property, or borrowed amounts that are protected from loss.' Uncheck that box if your investment in your business is not at risk.

VolvoGirlAnswer

Employee

VolvoGirl

Employee

See this post 4/18/23 on how to change it (if it’s still the same way)

https://ttlc.intuit.com/community/after-you-file/discussion/i-accidentally-checked-not-at-risk-doing-the-review-and-can-not-get-back-to-correct-my-answer-can/00/3046995

rlocascio12

If you're using Quickbooks 2024 desktop home and busness edition, what you need to do is click at the top bar "view". Click on forms. This will take you to tax forms. Scroll down to Schedule C and click on either 32a or 32b what ever applies to your situation. Then click on view back to "step-by-step view.