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Level 1
posted Mar 22, 2022 6:48:24 AM

cost of goods form on schedule c

I do not have any cost of goods sold so page 2 of Schedule c is blank - do I need to include this with the 1040 form.  I have no inventory either.  

Thank you

riki4

0 2 392
2 Replies
Expert Alumni
Mar 22, 2022 6:57:43 AM

Even if you have no inventory and no calculation of Cost of Goods sold, you must include the second page of Schedule C in your tax return (even if that page is blank). This is in the case you mail in your tax return.

 

If you e-file, the full Schedule C is included.

Level 1
Mar 25, 2022 6:41:00 AM

thanks for the quick response, most appreciated