Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Jun 11, 2021 12:41:27 PM

Self Employed materials - Where do I enter cost spent on stone, cement etc

Hello,

For the 2020 year, I'm not able to locate where to enter the total cost spent on business materials purchased.

I run a masonry business, the materials are things like stone, cement, wood.

 

Last year I entered it under the following:

How much did you purchase during the year?
Enter how much you paid for goods used for resale or in manufacturing, minus any discounts you received. Include what you paid for freight and delivery. Do not include the cost of goods you ended up using for personal purposes.

0 1 343
1 Replies
Level 1
Jun 11, 2021 1:06:10 PM

Figured it out, at some point I selected Professional services  and should have been Business(Goods sold)