Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

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

cancel
Showing results for 
Search instead for 
Did you mean: 
bushnj00
Level 1

Business inventory

I did not have any business activity in 2020.  Therefore, I did not report any inventory.  Why is there a positive amount of inventory showing after I complete the business section of my return?

1 Best answer

Accepted Solutions
MarilynG1
Employee Tax Expert

Business inventory

Click this link for info on How to Remove Inventory from Schedule C.

 

 

**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

1 Reply
MarilynG1
Employee Tax Expert

Business inventory

Click this link for info on How to Remove Inventory from Schedule C.

 

 

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

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.62m
Discussions

Manage cookies
v