turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Tylory
New Member

Where do I put my Non-inventory costs in TurboTax? Is it under Supplies Expenses?

I categorize Non-Inventory Items as COGS in Quickbooks, but we do not keep inventory. We purchase items for a specific customer and resell it with a markup, so everything we have is non-inventory. Do I put these costs under "Supplies Expense"? I want to make sure that the cost of these items don't get included in total income. 

This feature is pending. Thanks for your patience.
Didn't get the answer you wanted? Would you like to view more questions that might be relevant?
1 Best answer

Accepted Solutions
PatriciaV
Expert Alumni

Where do I put my Non-inventory costs in TurboTax? Is it under Supplies Expenses?

Yes, if you do not track Inventory for your business, you may report that cost as Materials, Supplies, or as Other Miscellaneous Expenses with a custom description (Merchandise for Resale). Note: If you enter a general business expense in the wrong category, it will not affect your taxes. Just be sure you don't enter the same expense twice.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

2 Replies
PatriciaV
Expert Alumni

Where do I put my Non-inventory costs in TurboTax? Is it under Supplies Expenses?

Yes, if you do not track Inventory for your business, you may report that cost as Materials, Supplies, or as Other Miscellaneous Expenses with a custom description (Merchandise for Resale). Note: If you enter a general business expense in the wrong category, it will not affect your taxes. Just be sure you don't enter the same expense twice.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Tylory
New Member

Where do I put my Non-inventory costs in TurboTax? Is it under Supplies Expenses?

Thank you PatriciaV!
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v