Please see the instructions below for adding your inventory:
- On the Tax Timeline, select "Business".
- Click continue then select "I'll choose what I work on".
- Click update/start next to "Business Income and Expenses".
- Select "Edit" next to your business name (or add your business information here if you haven't already).
- Scroll down to "Inventory / Cost of Goods Sold" and click "Start" to begin entering your inventory.
If you do not see the Business tab on the Tax Timeline, on the right side of the screen click the "Search" magnifying glass and enter "Schedule C" and hit enter on your keyboard. You should then see "Jump to Schedule C", click on this and you will arrive at the business information screen and you can click edit or add a business to begin, then follow the remaining instructions from above.
