Why is the Cost of Good Sold (COGS) showing as zero, even though I am inputing expenses? It seems to be related to my value of inventory

Forum|Forum|3 months ago
April 15, 2026
1 reply
46 views

When I adjust my year start inventory value to less than the year end inventory value, this is corrrected, but I don't understand why.

TurboTax Online

SusanY1

Level 15

As you've deduced, Cost of Goods Sold (COGS) is related only to inventory.

Other expenses will count as expenses for your business, but COGS is your beginning inventory plus purchases and minus ending inventory.

Your general business expenses and your inventory expense (COGS) are calculated separately. Just take care not to enter the same amounts in both places. Only the costs directly associated with the goods that you sell are factored into the COGS numbers. If you manufacture the goods this can include raw material and factory labor. If you purchase for resale then the purchases are your primary expenditure that is calculated here.

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