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phil50
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Last year, there was a place to enter cost of goods on schedule C. I can't find it this year

I'll have to enter it on misc. expenses
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Last year, there was a place to enter cost of goods on schedule C. I can't find it this year

To enter the cost of goods sold:

  • Go to the Business tab
  • Click Continue > I'll choose what I work on
  • Click Update next to Business Income and Expenses
  • Click Edit next to your business name
  • Scroll down to Inventory / Cost of Goods Sold and click Start
  • Proceed through the interview to enter your cost of goods sold

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