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New Member
posted Apr 14, 2022 3:45:05 PM

Where do I enter "Costs of Goods Sold"?

Schedule C, Line 4.  Where do i enter this in Turbo Tax?

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1 Best answer
Level 15
Apr 14, 2022 4:44:05 PM

You do not enter a figure for Cost of Goods Sold as that number is calculated.

 

Rather, you enter your inventory figures in that section of the program.

 

1 Replies
Level 15
Apr 14, 2022 4:44:05 PM

You do not enter a figure for Cost of Goods Sold as that number is calculated.

 

Rather, you enter your inventory figures in that section of the program.