Question

How do I report my cost of goods sold?

Forum|Forum|1 year ago
March 6, 2025
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Cost of Goods Sold (which is inventory at the beginning of the year + purchases during the year - inventory at the end of the year) is reported on your Schedule C as an expense. For instructions, refer to the TurboTax Help article Do I need to report inventory?

Review the TurboTax article Reporting Self-Employment Business Income and Deductions for additional information.

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