Cost of goods

WintS · ‎February 15, 2022

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?

MinhT1 · ‎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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MinhT1 · ‎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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