Where do I enter the inventory method for COGS?

[GiseleD · Accepted solution]

Under Income & Expenses (tab at the top of your screen), click Review next to Self-employment income and expenses (this assumes that you have already entered your self-employed income).

1. Click Review again next to the specific self-employed activity and scroll down to the Expenses category.
2. Click Add expenses for this work.
3. A list of expenses will pop up. Click the button next to Inventory and click Continue.
4. Proceed through the inventory interview questions to enter details about your inventory.

[Carl]

Take special note that in the business profile section you *MUST* select the option to indicate that your business *DOES* carry inventory. If you don't select that option, the program will never ask you about inventory.