Where to find Inventory Costs for 2020 Desktop TurboTax Home and Business

[JSyms613]

Yes it should have been several years ago...however...I am trying to fill out the business profile and expenses as a self-employed HVAC contractor.  I cannot find where to put the inventory (it is always greyed out) and I never get asked questions about it.  I am using 238220 as the business code and I am able to put in the house expenses and other business expenses but not the inventory of furnaces that were purchased and then sold to clients.  Where can I  find this in 2020 TurboTax Home and Business Desktop?

[TurboTaxVeronique]

In form mode, some part of the form won't be available depending on the type of business you selected. For Self-employed business with stock/inventory you should select T2125 B1, for business, not 2125 P1 for professional. You can have a look at the forms in your return when you click on the Forms tab at the bottom of the screen (see screenshot).

Here a link from CRA website where you can have details on how to fill out your T2125.

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