I am using the TurboTax business for my PC.
We have beginning inventory of X, and we're closing the business. We have some left over inventory at the end that we are going to take for personal use.
I believe I should be doing, e.g.:
Beginning inventory: 1000
COGS:250
Inventory for Personal Use: 750
Ending Inventory: 0
This section does not appear in my inventory worksheet. When I enter it into non-deductible expense, it doesn't factor through to COGS worksheet. Where is this entered? Which form?
