You may need to activate Inventory under the Expense topic on the business summary page in TurboTax Online.
- To review your entries for your business, open your return and search on "schedule c" then click "jump to schedule c."
- Choose Edit under the business you need to work on.
- Review the list of Expenses. If Inventory isn't shown, click "Add Expenses for this work" at the bottom.
- If Inventory isn't shown for common expenses, click on Less Common expenses.
- These are in alphabetical order, so you may need to select the next page to see Inventory.
- Check the box beside Inventory, then Continue.
- Now click Start beside Inventory on the list of Expenses and follow the interview to report your beginning & ending inventory, purchases, etc., for your Cost of Goods Sold.
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