Skip to main content
February 18, 2023
Question

Can anyone help me. i do not see a box where i can list the dollar amount for the products i purchased for personal use from my amway business. where is the box located?

  • February 18, 2023
  • 1 reply
  • 0 views
No text available

1 reply

February 18, 2023

The box for Purchases Withdrawn for Personal Use if part of the Inventory section.

 

  1. On the screen "Here's your [work] info," tap Add expenses for this work
  2. Select Inventory, then Continue
  3. Start Inventory
  4. On "Do you have inventory for your [Amway] work?," tap Yes, I have inventory to report, then Continue
  5. On "Did you use the cost method to value inventory?" answer Yes or No, then Continue
  6. On "Let's get the value of inventory for your [Amway] work," enter your beginning and ending inventory, then Continue
  7. On "Let's get the cost of goods for your [Amway] work," enter the amount or the products i purchased for personal use in Purchases Withdrawn for Personal Use

If you take some of the purchases you made for production or resale and use them for yourself or your family, you must report those costs separately.

 

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"