If you are asking how to enter a second Sherwin as a business expense, you can try the steps listed below. Where you deduct it depends on how you manage your inventory, but it is usually deducted und...
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If you are asking how to enter a second Sherwin as a business expense, you can try the steps listed below. Where you deduct it depends on how you manage your inventory, but it is usually deducted under Supplies (Line 22) or Purchases (Line 36) in your Cost of Goods Sold section. If you have additional information regarding entering your expense, you can respond to this and we would be glad to help.
Make sure you are entering only numbers. No dollar signs, dashes or commas.
If the item is for resale, enter it under your Cost of Goods Sold or as Materials and supplies on your Schedule C.
If you are using TurboTax desktop, try to delete any "0" values. If using TurboTax Online, consider clearing your cache or switching browsers. Please click here for instructions on how to clear your cache. Please click here for instructions on clearing your cookies.
If this has to do with a "wash sale" you may need to adjust the basis manually, not just the cost.
Try adding it as a new, separate business expense item under "Materials and Supplies".
If you are using a TurboTax Desktop program, try switching to Forms Mode by clicking on Forms at the top right of your TurboTax screen and manually edit the entry
See Also:
Where do I enter my self-employment business expenses, like home office, vehicle mileage, and supplies?
Taking Business Tax Deductions
Reporting Self-Employment Business Income and Deductions
If you have additional information or questions regarding this, please return to Community and we would be glad to help.