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Amy2010
Returning Member

Inventory

I'm not able to enter the beginning balance for 2024 value of inventory.  There is no box.  However there is a box for end of year number.  

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6 Replies
JamesG1
Expert Alumni

Inventory

In TurboTax Premium Online, enter Inventory values at the screen Let's get the value of inventory.

 

 

 

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Amy2010
Returning Member

Inventory

The option for beginning has disappeared.  No option, no box.  I'm working on MacBook.  I've deleted the software and reinstalled and tried starting a new return.  See screenshot below.  

 

Screenshot 2025-04-13 at 1.40.03 PM.png

 

 

Amy2010
Returning Member

Inventory

The only other option I've found is to go into forms and manually enter the amount.  

MonikaK1
Expert Alumni

Inventory

In TurboTax Home & Business, Windows version, enter your beginning inventory using these steps:

 

  1. Click the Business tab
  2. Click Business Income and Expenses at the top
  3. Click I'll choose what I work on
  4. The screen "Let's gather your business info" appears.
  5. Click Start or Update next to Profit or Loss from Business
  6. Click Edit next to the name of your business
  7. Click Start or Update next to Inventory and Cost of Goods Sold
  8. Click Yes for Do you have inventory to report?
  9. Click Yes for Cost method or check the box for another valuation method
  10. The next screen is where you enter your inventory. See screenshot below:

 

 

I will test the Mac version next.

 

 

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Amy2010
Returning Member

Inventory

Thank you but that’s basically the exact steps for the Mac, but the box to enter the beginning inventory does not exist. 

Screenshot 2025-04-13 at 1.40.03 PM.png

 

MonikaK1
Expert Alumni

Inventory

I just tested this on my Mac using exactly the same steps. I have both the beginning and ending inventory entry fields.

See screenshot below:

 

 

I don't know why you are not getting the Beginning Inventory field on your Mac. If you were able to resolve this by entering it in Forms, then your issue appears to be resolved. 

 

If you have trouble with any other entry fields, try some basic troubleshooting steps:

 

  • You might try saving and exiting the return, exiting TurboTax and reopening the return. 
  • Try rebooting your device.
  • See this help article for troubleshooting steps for Mac issues.

 

If after trying all of the options mentioned you still have the same problem:

 

See this help article for instructions on how to contact TurboTax customer support depending on which product you are using. 

 

@Amy2010 

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