Deductions & credits

You need to add the Inventory group to your expenses in TurboTax Self-Employed.   To do that, go to your income and expenses page and open the expenses section.   Then scroll down and click on Add more expenses.    Then scroll down to the Less Common section.   Scroll through the list (there are a few pages - 17 in the example below) until you find Inventory.   Put a checkmark in the box and then select Continue.   That will add Inventory (Cost of Goods Sold) to your expense list.   Once you have it, you can refer to the information above or in the link below to use it for house flipping tax reporting.  

Here is a link to a discussion on house flipping if you are interested.   @anotherdude