Question

Is my misc. sold inventory (600 K) asset, supplies or office expense?

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The cost basis of 'sold' inventory is Cost of Goods Sold. Is this what you are referring to? COGS is computed by:

Beginning inventory + Purchases - Ending inventory = Cost of Goods Sold.

In TurboTax Online Self-employed, report inventory values, purchases and COGS under self-employed income.

At the screen Here's you business info, scroll down to Inventory and click Start / Edit to the right.

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