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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

Employee
October 17, 2023

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

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.

 

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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