where do I enter the cost of goods sold?

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thurifer
thurifer Member Posts: 1 Newcomer

where do I enter the cost of goods sold? It is nowhere on the income tab.

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  • kiarab
    kiarab FreeTaxUSA Agent Posts: 58
    edited April 11
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    Hello,

    Cost of Goods is usually reported on a Schedule C. You can find it by going to Income → Business Income (Schedule C). There you can enter information about your business/self-employment, such as income, business expenses, and costs of goods sold (inventory). The software is pretty good about guiding you through the process.