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gjmwilliams
February 4, 2025
Question

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

  • February 4, 2025
  • 1 reply
  • 0 views

Trying to undersand a 465d carryover from 2023.  Not sure it's valid but can't eliminate it from the above section.

    1 reply

    A
    AmeliesUncle
    February 4, 2025

    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. 

    G
    gjmwilliamsAuthor
    February 7, 2025

    Yes that worked. thanx,

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