Question

Can't delete "I have at risk losses carrying over from 2023" under Special Situations in Schedule C info

Forum|Forum|1 year ago
February 4, 2025
1 reply
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Trying to undersand a 465d carryover from 2023. Not sure it's valid but can't eliminate it from the above section.

It is extremely rare that a Schedule C would have At-Risk limits.

Assuming it was an error (which likely will give you a refund for 2023), you should amend your 2023 tax return. Then transfer the newly amended file to 2024 that does not have the At-Risk carryover.

K

Kkinloch

Hello, how do you amend a previous year’s return? I believe I’m having the same issue.

PatriciaV

You will be able to file an Amended Tax Return after the IRS has accepted and processed your original filed return. This may take a few weeks, especially if you are due a refund.

Once the form is ready, TurboTax can help you file the amendment. To learn more about amending your tax return, please review the information here: How to Amend a Return You Already Filed

@Kkinloch

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