turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
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.

KBWright5
New Member

I just started a small internet business. where do I enter the products I purchase for resale? Where do I enter the shipping cost to ship the sold product.

Am I able expense the cost items I buy for resale?
Connect with an expert
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.

1 Reply
MarilynG1
Expert Alumni

I just started a small internet business. where do I enter the products I purchase for resale? Where do I enter the shipping cost to ship the sold product.

Yes, you can enter your Expenses, like shipping, and also the Cost of Goods Sold for your business.

 

Type 'Schedule C' in the Search area, then 'Jump to schedule c' to get to this section.

 

Here's  Quick Links for Self-Employed and Gig Workers you may find helpful. 

 

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies