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cpmonpas
New Member

I sell LuLaroe received a 1099-misc form with nothing reports. Where do I report my inventory

 
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PeterM
New Member

I sell LuLaroe received a 1099-misc form with nothing reports. Where do I report my inventory

Log into your tax return. Use the search box in the upper right hand corner of your screen and type in "cost of goods sold, self-employed business". This will cause the "Jump to cost of goods sold, self-employed business" link to come up...click that link. Turbo Tax will guide you through some specific questions about your business. Once you've answered  these questions Turbo Tax will then bring you to the screen that gives you the option to enter your inventory. Once you click the Inventory and Cost of Goods Sold button, Turbo Tax will guide you through the process of entering your inventory expenses.


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