AnnetteB6
Expert Alumni

Self employed

You can either keep track of the items by reporting inventory on your Schedule C.  This will generate a Cost of Goods Sold to help determine your profit from the sales.  Or, you can track the costs of your items by claiming it as a business expense.

 

The following TurboTax help article will give you more details and instructions for how to do this in TurboTax:

 

Do I need to report inventory?

 

@j619

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