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Tax Year Prior to 2020: Entering cost of goods in TT Self Employed
On TT Self Employed, I need help entering the cost of my goods-Is this the cost of goods for all 2016 sales, cost for all current inventory, or both?
How do I know what to put in each category:
-Cost of Purchases
-Purchases withdrawn for personal use
-Labor costs
Materials and supplies
-Other costs to prepare for sales
They seem to be vague in how everything is broken down and it is a little confusing.
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‎June 3, 2019
1:04 PM