To enter
inventory/cost of goods sold for your business, please follow these steps:
- Click on the Business tab
> Continue > I'll choose what to work on
- On the Let’s gather your
business info screen, in the Business Income and Expenses
section, click the Start/Update button. [See Screenshot
#1, attached.]
- If you have already started
adding information about your business, you will see the Here's the
business info we have so far screen. Click on the Edit
box next to the business. [Screenshot #2]
- If you haven't already started
adding business information, continue through the screens to enter the
needed information.
- You will now be on the Your
[XX] Business screen. In the Inventory/Cost of Goods Sold
section, click the Start/Update box. [Screenshot #3]
- On the next screen, Do You
Have Inventory to Report? mark the button next to Yes, I have
inventory to report and click Continue.
- Continue through the screens,
entering the requested information.
- When you are finished
entering inventory, you will be brought back to the Your [XX] Business screen. From here you can enter other
business items (income, expenses, assets, etc.).
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