topic I tried that already. When I enter zero it increases how... in Business & farm

Because I'm under $1M, I don't want to claim inventory just cost of purchases. In the overview of the Sch. C, I pressed the trash can for inventory but it wont delete?

kaylynashly — Sat, 01 Jun 2019 19:09:46 GMT

It just keeps refreshing to the beg. and ending inventory page with "Yes" checked off even though I selected No. I tried zeroing out the amounts but when I press continue, my overview page still shows the inventory info. Please help.

If you put in a zero for beginning & ending inventory fig...

Critter — Sat, 01 Jun 2019 19:09:47 GMT

If you put in a zero for beginning & ending inventory figures it will expense all the "inventory" so just go with the flow.

I tried that already. When I enter zero it increases how...

kaylynashly — Sat, 01 Jun 2019 19:09:48 GMT

I tried that already. When I enter zero it increases how much I owe which doesn’t make sense. I didn’t make a profit this year.

Re: Because I'm under $1M, I don't want to claim inventory just cost of purchases. In the overview of the Sch. C, I pressed the trash can for inventory but it wont delete?

hirstcaskey — Wed, 12 May 2021 23:12:51 GMT

Hi:

I am unable to remove a choice to claim an inventory on small businesses (Sch. C) for my wife and myself. I've decided to skip inventory on both. Regardless of how many times I try to click NO on inventory it comes up YES. How can I delete the YES permanently? I never entered an amount for inventory for either business so it's not that.

Re: I tried that already. When I enter zero it increases how...

IsabellaG — Mon, 17 May 2021 19:14:59 GMT

I've tried this in both the Online and Desktop programs and don't have the same experience. If I first select that I have an inventory and then go back and say I don't, The change to "No" sticks. If I say I have an inventory but don't enter any numbers, nothing happens. I have no issues or error messages. If you are getting error messages about this, I'd recommend deleting the Schedule C's completely and starting them over. If you aren't getting errors, I'd just continue filing my return.