PatriciaV
Expert Alumni

Self employed

If you have not yet filed your tax return, you can return to the self-employment section and change your answer for Cost of Goods Sold (Inventory).

 

Note that if your business does not hold inventory, you do need to correct this before filing your return.

 

In TurboTax for Desktop, use the Forms icon in the header and open Schedule C for your business. You can change any field that is highlighted in yellow. Return to Step-by-Step when you're finished.

 

In TurboTax Online, go to Tools >> Tax Tools >> Topic Search, enter "Schedule C", click on the topic and click Go. Work through the pages of the interview until you find the questions about your inventory.

 

If you are uncertain about any portion of your return, consider adding TurboTax Live, which provides a tax expert to answer questions and help you complete your return accurately.

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