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T
toni-laney
October 17, 2023
Question

This has been asked before but I still cannot find anywhere to enter inventory. Where is Part III of Schedule C (COGS)?

  • October 17, 2023
  • 2 replies
  • 0 views
It doesn't come up in the interview where I enter income, expenses, etc.  Very frustrating experience.  Thanks for any help.

    2 replies

    A
    Anonymous_
    Employee
    October 17, 2023

    You have to indicate (check a box) that you actually maintain an inventory during the interview.

      Carl11_2
      Carl11_2
      Employee
      October 19, 2023

      Start over in the Business Income section again, from the beginning. On one of the screens there is a selection for "my business carries inventory" that you "MUST" select, before the program will ask you about inventory.

       

      A
      Anonymous_
      Employee
      October 19, 2023
      @Carl11_2 wrote:

      On one of the screens there is a selection for "my business carries inventory"...

      That's for the desktop version of TurboTax (Home & Business). It works as shown in the screenshots below for the online version (Self-Employed).

       

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