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Where do i enter food cost for restaurant?

 
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1 Reply
JaimeG
New Member

Where do i enter food cost for restaurant?

The Cost of Food in a restaurant is a Cost-of-Goods Sold to enter these items please follow the steps below: 

  1. Log into TurboTax Online and access your Tax Return through the Timeline
  2. From your Welcome Page in the upper right-hand corner find the Search Box and type Schedule C (capital Sand C) hit enter and from the search options click on Jump to Schedule C 
  3. Then (assuming your business has already been set up in TurboTax), you'll want to click Edit next to your business and then scroll down to the Inventory/Cost of Goods Sold topic and click on Start (or Update).
  4. You will select, Yes I have an Inventory to report and TurboTax will walk you through the process of entering these expenses. 
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