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Get your taxes done using TurboTax
As I said in my last comment, you should enter the cost of purchases in one line in the program, and the amount of your inventory that you withdrew for personal purposes on the second line, per the screenshot that I showed. Yes, this will result in a negative number on line 36, as I have already said. I have corrected myself for the wrong answer I originally gave you. And yes, you are entering the amounts that you withdrew for personal use so you won't be deducting that as part of your cost of goods sold. I again apologize for the confusion.
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March 24, 2019
10:33 AM