Solved: Where do I post "Cost of Goods Sold"
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carolg2912
New Member

Where do I post "Cost of Goods Sold"

 
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tagteam
Level 15

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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tagteam
Level 15

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

 

 

View solution in original post

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