turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

GF
Returning Member

Where do I enter my Shorts/Overs Inventory adjustments?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Where do I enter my Shorts/Overs Inventory adjustments?

On a tax return you will enter the ending inventory from last year, the inventory purchases made during the tax year and the end of year inventory amount.   Any missing inventory is automatically added to cost of goods sold. 

Where do I enter my Shorts/Overs Inventory adjustments?

@Critter is correct; if you are keeping an inventory, then you need to take a physical inventory rather than enter an adjustment from your books.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies