turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Is cost of goods all the items I purchased from the company( Paparazzi Accessories- resale jewlery) during the whole year?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
Coleen3
Intuit Alumni

Is cost of goods all the items I purchased from the company( Paparazzi Accessories- resale jewlery) during the whole year?

Yes. If you purchased something for resale, that would be your COGS. If you took any items out for personal use, you will need to subtract that amount.

View solution in original post

3 Replies
Coleen3
Intuit Alumni

Is cost of goods all the items I purchased from the company( Paparazzi Accessories- resale jewlery) during the whole year?

Yes. If you purchased something for resale, that would be your COGS. If you took any items out for personal use, you will need to subtract that amount.

Is cost of goods all the items I purchased from the company( Paparazzi Accessories- resale jewlery) during the whole year?

Would this cost include taxes paid on items?
Coleen3
Intuit Alumni

Is cost of goods all the items I purchased from the company( Paparazzi Accessories- resale jewlery) during the whole year?

Yes.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies