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Investors & landlords
If you don't use inventory, then you do not need to fill in this part. If your COGS was zero in 2015, then it looks like you don't. Net profit or gross income does not go into that part of Sch. C. At the beginning of 2016, your net profit and gross profit are both zero because you have no transactions yet.
ron.
ron.
‎June 3, 2019
4:58 PM