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Where do I post "Cost of Goods Sold"

 
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Accepted Solutions

Where do I post "Cost of Goods Sold"

In TurboTax Self-Employed, you do not actually enter Cost of Goods Sold into the program. Rather, you enter your beginning inventory, purchases, and ending inventory and the program will calculate the CGS for you.

 

In the Deductions section, expand Less Common Expenses and then check the Inventory box as shown in the screenshot below.

 

in.png

 

 

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1 Reply

Where do I post "Cost of Goods Sold"

In TurboTax Self-Employed, you do not actually enter Cost of Goods Sold into the program. Rather, you enter your beginning inventory, purchases, and ending inventory and the program will calculate the CGS for you.

 

In the Deductions section, expand Less Common Expenses and then check the Inventory box as shown in the screenshot below.

 

in.png

 

 

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