I used Turbotax years ago. I'm trying to enter a schedule C. It never asked me about my cost of goods sold. Where EXACTLY do I enter this? I've searched & can't find.

I have an LLC. You used to be able to look at the forms.

425

Expert Alumni

Apr 1, 2025 2:43:12 PM

Cost of Goods Sold (which is inventory at the beginning of the year + purchases during the year - inventory at the end of the year) is reported on your Schedule C as an expense. For instructions, refer to the TurboTax Help article Do I need to report inventory?

To preview your Form 1040 , including the government worksheets before you file, refer to the TurboTax article How do I preview my TurboTax Online return before filing?

You will have to pay for TurboTax or register if using the free product.

Refer to the TurboTax Help article How do I preview my return in the TurboTax Desktop software?

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I used Turbotax years ago. I'm trying to enter a schedule C. It never asked me about my cost of goods sold. Where EXACTLY do I enter this? I've searched & can't find.