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New Member
posted Apr 5, 2025 6:52:15 PM

On the schedule C form 1040 On the income section say cost of good sold from section 42 on the same form

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1 Replies
Expert Alumni
Apr 5, 2025 7:52:28 PM

This is because the COGS for a business is calculated in Part III of the Schedule C.  The result of these is entered on line 4 of the Schedule C.  See the images below for your reference.