Where to find Inventory Costs for 2020 Desktop TurboTax Home and Business

[symsjerry]

Yes it should have been several years ago...however...I am trying to fill out the business profile and expenses as a self-employed HVAC contractor.  I cannot find where to put the inventory (it is always greyed out) and I never get asked questions about it.  I am using 238220 as the business code and I am able to put in the house expenses and other business expenses but not the inventory of furnaces that were purchased and then sold to clients.  Where can I  find this in 2020 TurboTax Home and Business Desktop?

[DaveF1006]

It depends. Have you tried entering this under Cost of Goods sold?

[symsjerry]

Thanks Dave for answering.  Yes I eventually was able to place the inventory in the cost of goods sold.  The problem was that the business was defined as a professional business and not an "Other"  which did not allow me access to the inventory boxes.  I created a new business after removing the one with the professional designation as I could not find how to change that definition in the original definition of the business.