I sell auto parts on ebay. Where do i enter the cost of the parts on my return?

[NancyG]

Materials and goods purchased for resale are entered in the cost of goods sold section of Schedule C, Part III.

To enter cost of goods sold follow the instructions below:

1.       Log in to TurboTax.

2.       On the left side of your screen, click the "Business" tab.

3.       Click the "Business Income & Expenses" sub-tab that appears below the "Business" tab.

4.       Click the blue "I'll choose what I work on" button on the right.

5.       Click the blue "Update" button in the "Business Income & Expenses" section at the top.

6.       Click "Edit" next to the business you need to enter this information for.

7.       Scroll down to the Inventory/Cost of Goods Sold section

8.       Click "Update" next to Inventory and Cost of Goods Sold