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