Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Feb 20, 2020 11:55:16 AM

Can't Delete Cost of Goods entries

Some how I have an entries I can not delete under: Part III, Cost of Goods Sold, lines #33-42. How do I delete these entries? These entry was a mistake. I went to forms but can not overwrite the entries with 0. 

0 3 1469
1 Best answer
Expert Alumni
Feb 20, 2020 12:32:02 PM

You can adjust these numbers in the interview section under Inventory/Cost of Goods Sold.  Search for schedule c and use the Jump to link.  Click Edit next to your business and scroll down to Inventory/Cost of Goods Sold.   Click Start or Update and go through the short series of questions.  

 

Or you can edit them from the Schedule C Wks which is the form directly below the Schedule C in the forms list.  

3 Replies
Expert Alumni
Feb 20, 2020 12:32:02 PM

You can adjust these numbers in the interview section under Inventory/Cost of Goods Sold.  Search for schedule c and use the Jump to link.  Click Edit next to your business and scroll down to Inventory/Cost of Goods Sold.   Click Start or Update and go through the short series of questions.  

 

Or you can edit them from the Schedule C Wks which is the form directly below the Schedule C in the forms list.  

New Member
Mar 1, 2020 3:16:06 PM

I am also having this same issue. I am trying to amend a return from 2017 and I also can not edit these fields. 

Expert Alumni
Mar 2, 2020 6:03:12 PM

To edit cost of goods sold, go to the info page which lists all of the expenses, and edit Inventory.

 

This will take you to pages which allow you to edit beginning and ending inventory, and also purchases.

 

@juanth