Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 12:55:33 PM

Where do I enter material costs for producing products?

0 2 2132
2 Replies
Intuit Alumni
Jun 4, 2019 12:55:35 PM

The costs of your materials are reported as part of your 'Cost of Goods Sold' under Inventory (Less Common Expenses).  See image.   If you don't keep an inventory, you can enter 0 for both beginning and ending inventory amounts.

Intuit Alumni
Jun 4, 2019 12:55:36 PM

Updated - added image.