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Business & farm
Thanks so much! Yes, I understand what you are saying. I just need to know how to get to the ending inventory of 0 for my 2022 return.
For my 2022 return, Do I enter my begininning inventory of $521 add purchases of $509.40, then enter 0 for inventory which will result in $1030.40 in Cost of Goods Sold ? Therefore, I will not carry an inventory starting in 2023.
Also, In 2023, Do I need to manually remove the TT COGS calculations worksheet altogether or will stating that I do not have an inventory take care of this?
‎February 9, 2023
9:11 AM