Where in turbotax do I enter inventor costs

[ReginaM]

Here is how you can add your inventory to TurboTax. by following these steps:

1. Select Search on the right side of the screen,
2. Enter Schedule C,
3. Select  Jump to Schedule C,
4. click on this and you will arrive at the business information screen,
5. Select Review/or Add your business,
6. Process through this section and you will be able to add your inventory.

[Carl]

Regina is assuming your business carries inventory. If that assumption is wrong let us know. You also need to be more specific. There is no such category with the IRS for "inventory costs". Just doesn't exist. Are you referring to business start-up costs maybe? There's a spot where you claim your start-up costs. But understand that business assets are "NOT" startup costs. Assets are those items you purchased and use "on a recurring basis" to produce business income. They are not start-up costs. They're business assets that get capitalized and depreciated over time.

Also, inventory is not a start up cost. You deal with inventory in the COGS section. If 2019 is your first year of dealing with inventory, then you BOY Inventory Balance *MUST* *BE* *ZERO* regardless of when you may have purchased that inventory.

[gserkasevich]

Thanks but not inventory costs - Inventor or invention/patent etc expenses?