How do I enter COGS in Schedule C? There does not seem to be category.

r_grion — Tue, 04 Jun 2019 23:02:42 GMT

In order for the COGS section to show up in your business...

DawnC0 — Tue, 04 Jun 2019 23:02:43 GMT

In order for the COGS section to show up in your business profile, you need to indicate that in the expenses section. Go back to the 'Self-employment income and expenses' section in TurboTax. It is listed under Wages and Income or can type ''line of work'' or ''schedule c'' in the search bar.

Click on Edit next to your business category to edit make the changes. Scroll down to expenses and click on 'Add Expenses for this Work', see attached. Scroll all the way down and expand the 'Less Common Expenses' tab. Scroll down until you see 'Inventory'. Select the radio button and hit continue. You will then be able to add your Cost of Goods Sold details.

topic How do I enter COGS in Schedule C? There does not seem to be category. in Business & farm

How do I enter COGS in Schedule C? There does not seem to be category.

In order for the COGS section to show up in your business...