DawnC
Expert Alumni

Deductions & credits

You are self-employed and you are in the right place to enter your self-employment expenses.   You can use the Supplies category or Miscellaneous expense category for  business-related costs.   Some categories are pre-added.   If the category you want is not showing, you can add it.   There are several pages of expense choices; scroll all the way to the bottom and click on >> to go to the next page of expenses.  

 

You can also use the inventory account to add the cost of item you purchased to sell.   You can use zero for the beginning and ending inventory amounts and enter your cost expenses in the Cost of Purchases line.   Add Inventory expense if you prefer this option.  

 

Whether you use the inventory/cost of purchases account (with zero beginning and ending inventory), Supplies, or Other Miscellaneous Expense, you will end up with the same net income on Schedule C.    Reporting Inventory in TurboTax

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