I filed an incorrect COG amount on my 2020 tax returns for my new reselling business. How can I amend the figure?

[MoonRiverSong]

I can't find the area on Turbo tax where this can be corrected.

[Critter-3]

Return to the Sch C section and edit your business then review the INVENTORY  section to make the correction. 

[MoonRiverSong]

For the life of me, I can't locate the "inventory" section.  I've even used a search feature and it still doesn't pop up.  I can only seem to edit the gross income and the expenses area.

Can you give me the path to "inventory" so I can make the correction?

Thanks in advance!

[Critter-3]

You must edit the Sch C  then scroll down to the inventory section.  If you don't have one then edit the company info and correct  the inventory question. 

[MoonRiverSong]

I JUST FOUND IT!

I found this info which led me to it:

Best Answer

by tagteam

In TurboTax Self-Employed, you do not actually enter Cost of Goods Sold into the program. Rather, you enter your beginning inventory, purchases, and ending inventory and the program will calculate the CGS for you.

In the Deductions section, expand Less Common Expenses and then check the Inventory box as shown in the screenshot below.