topic Inventory in Business & farm

Inventory

Amy2010 — Sat, 12 Apr 2025 21:34:51 GMT

I'm not able to enter the beginning balance for 2024 value of inventory. There is no box. However there is a box for end of year number.

Re: Inventory

JamesG1 — Sun, 13 Apr 2025 16:12:57 GMT

In TurboTax Premium Online, enter Inventory values at the screen Let's get the value of inventory.

Re: Inventory

Amy2010 — Sun, 13 Apr 2025 17:43:28 GMT

The option for beginning has disappeared. No option, no box. I'm working on MacBook. I've deleted the software and reinstalled and tried starting a new return. See screenshot below.

Re: Inventory

Amy2010 — Sun, 13 Apr 2025 17:44:25 GMT

The only other option I've found is to go into forms and manually enter the amount.

Re: Inventory

MonikaK1 — Sun, 13 Apr 2025 19:31:17 GMT

In TurboTax Home & Business, Windows version, enter your beginning inventory using these steps:

Click the Business tab
Click Business Income and Expenses at the top
Click I'll choose what I work on
The screen "Let's gather your business info" appears.
Click Start or Update next to Profit or Loss from Business
Click Edit next to the name of your business
Click Start or Update next to Inventory and Cost of Goods Sold
Click Yes for Do you have inventory to report?
Click Yes for Cost method or check the box for another valuation method
The next screen is where you enter your inventory. See screenshot below:

I will test the Mac version next.

Re: Inventory

Amy2010 — Sun, 13 Apr 2025 19:36:28 GMT

Thank you but that’s basically the exact steps for the Mac, but the box to enter the beginning inventory does not exist.

Re: Inventory

MonikaK1 — Sun, 13 Apr 2025 19:52:23 GMT

I just tested this on my Mac using exactly the same steps. I have both the beginning and ending inventory entry fields.

See screenshot below:

I don't know why you are not getting the Beginning Inventory field on your Mac. If you were able to resolve this by entering it in Forms, then your issue appears to be resolved.

If you have trouble with any other entry fields, try some basic troubleshooting steps:

You might try saving and exiting the return, exiting TurboTax and reopening the return.
Try rebooting your device.
See this help article for troubleshooting steps for Mac issues.

If after trying all of the options mentioned you still have the same problem:

See this help article for instructions on how to contact TurboTax customer support depending on which product you are using.

@Amy2010