Carl
Level 15

Business & farm

@Hal365 look at your SCH C Part III.

On line 33 I expect the "Cost" box to be selected.

Line 34 should have the NO box checked.

Line 35 is what you paid for the inventory in your physical possession on Jan 1 of the tax year.

Line 36 is what you paid for inventory purchased "during the tax year", minus what you paid for inventory purchased in "any" year that you removed for personal use.

So check line 36. If that figure isn't right, that means you entered something wrong somewhere.