Please follow the
steps below:
- Log into your TurboTax return
- Click on Federal
- Click on Income &
Expenses
- Click on the Edit/Add button
beside your Self-employment income and expenses
- Click the Edit button beside
"Your business name"
- Scroll to Expenses and click
on the trash can icon beside Inventory (See the screenshot below)
You will be taken to
"Do you have inventory to report?". Yes is already highlighted, click
continue. Continue through the screens deleting
any amounts that are entered. (Don't enter zeros, just delete all of the
numbers).
When you get back to
the Self-Employment summary page, Inventory will no longer be reflected in
Expenses.
