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Self employed
Since a business doesn't start with assets or inventory, you need to be entering the "investment" of your inventory into your business.
Enter the negative of your beginning balance value on the Purchases Withdrawn for Personal Use line within the Cost of Goods section of TurboTax. For example, if your starting inventory value is $10,000, enter -10000 on this line.
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‎April 8, 2023
10:00 AM