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Get your taxes done using TurboTax
I'm not sure I understand your question. It seems like you want to know where to enter your inventory. Or, are you saying that even though you follow the instructions below, your purchases are being counted as income?
Please see the instructions below for adding your inventory:
- On the Tax Timeline, select "Business".
- Click continue then select "I'll choose what I work on".
- Click update/start next to "Business Income and Expenses".
- Select "Edit" next to your business name (or add your business information here if you haven't already).
- Scroll down to "Inventory / Cost of Goods Sold" and click "Start" to begin entering your inventory.
‎January 28, 2022
9:24 AM