Turbo tax imported sub-contractor expense from QuickBooks and entered it in Cost of Goods Sold on TurboTax even though I clicked on the button for no inventory. It should be a Sub-Contractor Expense. How do I remove it from Cost of Goods Sold.
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Subcontract labor would normally be considered a cost of goods sold even if you didn't maintain an inventory or sell products, as it is a direct expense as opposed to overhead. But you can re-classify it if you want.
If you are working in TurboTax Self-employed software, you can remove it by updating the Inventory/Cost of Good Sold section in the Business area of TurboTax and then entering it under Business Expenses in the same area.
I thought the charge for my taxes was 79 dollar, after filing the cost when up to 179,WHY?
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You can login to your TurboTax account to review your fees and details of what you have been charged for by following the instructions below:
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