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The box for Purchases Withdrawn for Personal Use if part of the Inventory section.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the cost of goods for your [Amway] work," enter the amount or the products i purchased for personal use in Purchases Withdrawn for Personal Use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