Need help adding cost of goods sold

[TomYoung]

The "generalized" equation of Cost of Goods Sold is:

COGS = Beginning of year inventory cost + Purchases (or Production) costs during the year - End of year inventory cost.

That above information is exactly what TurboTax asks for, plus a few other matters.  If this is your first year of operation then obviously that beginning of year number is $0.  You're going to have to add specifics if you need more help.

Tom Young

[ry4n3s]

I never filed taxes to be honest, I literally started beginning of 2017 almost on the dot, more like 28th of 2016, I see spots for adding all sorts of expenses but I see no section regarding what I payed for the items, outright bookkeeping app did almost all for more but I don't see section to add on turbo tax

[TomYoung]

" outright bookkeeping app did almost all for more but I don't see section to add on turbo tax"

I don't understand what you are saying here.  

If you have a bookkeeping app that's captured your revenues and expenses then you should be able to simply start at the very first interview in the Business section and work through every following interview.   In the area of cost of goods of goods sold the program will ask for each element I've listed above: Beginning inventory dollars, your purchases of inventory throughout 2017, and inventory on hand at 12/31/2017.

Unless this is a sophisticated app it might not carry "inventory figures.  You'll have to derive those numbers yourself.  It's close enough to 12/31/17 at this point you should be able to do that fairly easily.  Likewise with the 1/1/2017 inventory.