@bshannon264 Inventory is where you will enter the cost of the things that you bought for sale.
TurboTax will start by asking for your beginning and ending inventory. That has to do with the amount of stuff you had for sale that didn't get sold yet. You start by putting in the amount of stuff you had on hand left over from last year (if you started your business in 2021 that amount is zero).
Then it will ask for the amount of stuff that you bought but hadn't sold yet by the end of the year. If you sold everything that you bought then this amount is zero as well. If you still had some stuff lying around then you enter the amount that you paid for that stuff.
The next screen has the place to enter what you spent. You will enter the total you paid during 2021. If you put that you still had inventory lying around at the end of 2021 on the previous screen the system will not let you deduct a product you haven't used yet so it will subtract your closing inventory from what you spent for the year. And then it will deduct the total that is left from your income.
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