Intuit Turbo Tax Home and business

[HelpfulKC]

After start- up cost,  where do I put the expenses for Embroidery Business? 

Can you the COGS section?

[MarthaT]

If the Embroidery Business expense is a direct cost, then you report it on the COGS sections.  Direct Cost means that the expense incurred was necessary to produce your product or service to sell it. 

Example, if you are selling baby dolls then your direct cost will be the whole sale price you paid to purchase the baby dolls to resale them, including shipping.  Or if you are manufacturing the doll then your direct cost is the material and supplies you used to manufacture it.

Thank you for your question

[KarriC]

Expenses for your Embroidery Business go on your Schedule C. Some of your expenses may be COGS, some may not.

Here's how to get there:

1. Wages & income
2. Self-employment income and expenses
3. Expenses then choose the expense category

If you don't have any expense categories set up, click on the box "Add expenses for this work". From there you will see categories that you already have, categories that are recommended based on your business, and less common categories that may apply to your business.

If you don't know what each one is, click on the "Examples" contained in the category box and you can see some examples of what goes under what category.