How do you include a "cost of goods sold" when you are primarily a professional service but also sell goods and have inventory and make profit through sales?
How do you include a "cost of goods sold" when you are primarily a professional service but also sell goods and have inventory and make profit through sales?
To include your cost of goods sold, you would have to complete the self-employed section of TurboTax (form T2125). Once you do that, it will automatically calculate your costs of goods sold for you.