This cost is reported as Materials and Supplies at the screen Let's get the cost of goods for your work within the Inventory / Cost of Goods Sold function.
In TurboTax Premier Online, report self-employment income and expenses by following these directions:
- Down the left side of the screen, click Federal.
- Down the left side of the screen, click Wages & Income.
- Click on the drop down arrow to the right of Self-employment.
- Click to the right of Self-employment income and expenses.
- At the screen Your 2024 self-employed work summary, select Edit.
- At the screen Here's your info, select Add expenses for this work.
- Establish the Inventory expense category.
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