I am using Turbotax Premium. I don't see where to add my COGs. The AI bot says I can add it to 'Supplies' but I only see 'office expenses' not supplies. Where is it?

[amcolbert30]

In office expenses there is an 'Office Supplies' but from my accounting classes there is a difference between Office Supplies and Supplies. I only see sections for advertising, meals, legal and professional fees, meals, office expenses, Communications, business travel, startup costs, assets, building or land rental and business insurance.

[SharonD007]

Cost of Goods Sold (which is inventory at the beginning of the year + purchases during the year - inventory at the end of the year) is reported on your Schedule C as an expense.  For instructions, refer to the TurboTax Help article Do I need to report inventory?

Review the TurboTax article Reporting Self-Employment Business Income and Deductions for additional information.