@hkollross , you enter all this on Schedule-C ( self-employed / sole proprietor/ sole member LLC etc. ) The upper part of the schedule deals with Cost of Goods Sold (COGS ). Tell TurboTax that you have sole proprietor business income -- it will then walk you through all the details. Note that this will also lead to Schedule-SE ( self-employment taxes --SECA , equivalent to FICA for wage earners ).
Is there more I can do for you ?
