Where do I enter material & supplies in TurboTax? The interview process doesn't didn't cover this in Premier.

[CharlesSwanson]

In the interview process for entering my small home business expenses, there seems to be no place to enter the cost of goods sold to account for the material, paint & supplies that were required to produce the items I made and sold

[ThomasM125 · Accepted solution]

You need to edit your business entries and on the screen that says Your (name of business) Business, choose the Inventory/Cost of good sold option. You need to say that you have inventory even if you don't, then you will see the option to enter your materials and supplies as "Cost of Purchases". For the beginning and ending inventory, just enter $0 if you don't have any. Your materials and supplies will then show in the cost of goods sold section.

[CharlesSwanson · Accepted solution]

Thank you so much.  I've struggles with this for 2 days.