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WintS
Level 2
February 15, 2022
Solved

Cost of goods

I transferred my 2020 file to 2021. There is an entry in COGS for 2021 that I did not enter. What is it and how did it get there?

 

MinhT1Answer
Alumni - Intuit
February 15, 2022

In the COGS section, TurboTax has transferred your 2020 closing inventory to your 2021 tax return as opening inventory.

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MinhT1Answer
Alumni - Intuit
February 15, 2022

In the COGS section, TurboTax has transferred your 2020 closing inventory to your 2021 tax return as opening inventory.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"
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