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Cost of Goods Schedule F
My wife and I are sold managers of an LLC. Our principle products sold are farm products. These include produce, eggs and jams and jellies.
We sell the jams and jellies under the farm name.
Should we claim the deduction for the costs of making the jams and jellies on schedule F or under COGS on form 1065?
I have located the section on 1065 for COGS, but not on schedule F. I read one post that suggested listing the costs under supplies on schedule F. Would this be the best method?
Thanks
‎February 6, 2021
5:45 AM