Cost of goods sold is part of the inventory section whether you carry inventory or not.
Here’s how to enter CGS:
- Type sch c in Search (magnifying glass) in the top right
- Tap Jump to sch c
- Complete the info screen
- TurboTax will show you a list of recommended expenses based on your type of business
- If you don’t see Inventory, tap Less Common Items and keep paging through until you find Inventory, then Continue
- Start Inventory
- On “Do you have inventory for your Rideshare driving work?” say YES then Continue
- On “Did you use the cost method to value inventory?” say YES then Continue
- Leave beginning and ending inventory blank
- On “Let’s get the cost of goods for your [business] work" enter your types of costs of goods sold
@w1router
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