Question

Anyone having an issue entering in cost of goods sold and inventory under self employment business activities? cant seem to see where to enter

Forum|Forum|3 years ago
February 18, 2023
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When you started entering your business information, did you choose “professional” as your business type? If so, you will not see an inventory page, instead you’ll see a page for Adjusting Professional Income for Work in Progress. If that is the page you are seeing, you’ll have to delete the business that you have started and start a new one with “Business” as the type.

For tax purposes, designated professionals are defined as people such as accountants, lawyers, dentists, doctors, veterinarians, and chiropractors.