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New Member
posted Oct 16, 2023 9:24:07 PM

This has been asked before but I still cannot find anywhere to enter inventory. Where is Part III of Schedule C (COGS)?

It doesn't come up in the interview where I enter income, expenses, etc.  Very frustrating experience.  Thanks for any help.

1 3 7590
3 Replies
Level 15
Oct 17, 2023 6:30:12 AM

You have to indicate (check a box) that you actually maintain an inventory during the interview.

Level 15
Oct 19, 2023 3:44:10 PM

Start over in the Business Income section again, from the beginning. On one of the screens there is a selection for "my business carries inventory" that you "MUST" select, before the program will ask you about inventory.

 

Level 15
Oct 19, 2023 4:39:36 PM

@Carl wrote:

On one of the screens there is a selection for "my business carries inventory"...

That's for the desktop version of TurboTax (Home & Business). It works as shown in the screenshots below for the online version (Self-Employed).