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Get your taxes done using TurboTax
If I enter it as inventory it does nothing. It doesn't count it as an expense for the year and then asks questions about about 2019 and 2020 in which I didn't have any expenses for inventory. I started in Sept 2020 and didn't accumulate inventory. But I made purchases for vendor events in 2020 and when I sold them (paid retail, sold retail) I accepted payment through Square reader. But it is counting Square payments and income. How do I negate that as income since it wasn't additional income but reimbursement?
‎January 28, 2022
9:31 AM