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February 15, 2022
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Cost of goods

  • February 15, 2022
  • 1 reply
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I transferred my 2020 file to 2021. There is an entry in COGS for 2021 that I did not enter. What is it and how did it get there?

 

Best answer by MinhT1

In the COGS section, TurboTax has transferred your 2020 closing inventory to your 2021 tax return as opening inventory.

1 reply

MinhT1Answer
February 15, 2022

In the COGS section, TurboTax has transferred your 2020 closing inventory to your 2021 tax return as opening inventory.

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