Here is the question 34 on Schedule C: "Was there any change in determining quantities, costs, or valuations between opening and closing inventory? If “Yes,” attach explanation".
After I filled all answers for self-employment. Turbo Tax left this blank on the tax return preview.
I am not able to find anywhere on the Online Turbo Tax version to select "No". Not under Inventory questions.
Please help. I need to fix it before submitting the return.
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Return to the Inventory (Cost of Goods Sold) section of Schedule E and look for a box on the page "How do you account for your inventory?" If you check the box, the answer to the change in inventory method is marked "Yes." If you leave the box blank, the question is marked "No" by default.
Also, when you run SmartCheck, you will be asked to answer the question if needed.
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