Cost of goods sold

Where would I enter the cost of goods sold when I don't have inventory?

posted

Connect with an expert

2 Replies

Cost of goods sold

if you don't have inventory there's nothing yo enter

Cost of goods sold

If you do not keep an inventory (because you are not required to do so), then you can enter the items as an expense under materials and supplies.

See https://www.irs.gov/instructions/i1040sc#idm140229396699840

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post