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Question

How do I fix my inventory answers, Turbo tax asked me for a statement regarding change in inventory method, but I did not have a change in inventory method.

Forum|Forum|3 years ago
January 27, 2023
1 reply
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TurboTax Self Employed Online

Where you enter your business expenses, you will see an option for Inventory/Cost of Good Sold. When you enter that section, you will see a screen that says Did you use the cost method to value inventory? There is a check box on that screen that says I used different methods to value my inventory at the beginning and end of 2022. You need to uncheck that box since you did not have a change in inventory method.

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