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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 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.
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