Turbo tax does not give the option to add cost of good as expenses for online retail business. I listed it as 1099K. it seems to assume it is contract while it is not

[anashaj2003]

it shows expenses like meals office supply. How about cost of good sold !!! I can not add it

[JamesG1]

In TurboTax Premier Online, enter Inventory and Cost of Goods Sold by following these steps:

• Down the left side of the screen, click Federal.
• Down the left side of the screen, click Wages & Income.
• Click the down arrow to the right of Self-Employment.
• Click to the right of Self-employment income and expenses.
• If you have not established a self-employment activity, the activity should be created.
• After the self-employment activity has been established, click the pencil to the right of the activity at the screen Your 2024 self-employed work summary.

• At the screen Here's your xxx info. select  Add expenses for this work.
• In the search box in the center of the screen, enter Inventory.
• Check the box to the left of Inventory.  Click Continue.
• At the screen Here's your info for this work, click the pencil to the right of Inventory.
• At the screen Do you have inventory for your work? select Yes, I have inventory to report.  Click Continue.
• Follow the screens to report beginning inventory, ending inventory and cost of goods.