schedule c

[Tiger5]

have a customer that is a single member llc of a used tires and repairs business. they bought a truck load of tires, where should I enter this on the schedule c? Also were do I enter start up cost? 

[abctax55 · Accepted solution]

I'd go for line 36, AND line 41 if not all sold.

Start up- line 27 via line 48.

[lptax]

Cost of Goods Sold 

[Tiger5]

what method should i put to value inventory on line 33? i was thinking cost?

[qbteachmt]

@Tiger5 

Here is the Resource you need to use:

https://www.irs.gov/instructions/i1040sc

[sjrcpa]

Yes Cost