turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

geld16
New Member

I have income listed for my wife's business, selling on ebay. However, I need to deduct the cost of inventory. I don't know how to get to that screen.

I can add income and expenses, but I don't see the cost of inventory screens anywhere...I looked it up and it just said to enter it on those screens, but didn't say how you find them.
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

I have income listed for my wife's business, selling on ebay. However, I need to deduct the cost of inventory. I don't know how to get to that screen.

In the first part of the conversation for Business Income and Expenses, Schedule C, check to ensure that you checked the box that the business carries inventory.  If you carry inventory, the conversation then asks for the year's beginning inventory value and ending value.  That's as much as I know.  i hope it helps.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies