1663530
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

proact
New Member

Cost of goods sold

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

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
Anonymous
Not applicable

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question