Skip to main content
April 30, 2021
Question

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?

  • April 30, 2021
  • 1 reply
  • 0 views
No text available

1 reply

July 14, 2021

Thank you for your question.

 

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.

 

If you have any questions, you can contact our phone support team or contact us via private chat on Facebook or Twitter.