S-Corp 1120S COGS Sch A Ln 2 "purchases"

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  • AZ-Tax
    Senior Member
    • Feb 2008
    • 2604

    #1

    S-Corp 1120S COGS Sch A Ln 2 "purchases"

    I read the IRS instructions and the ProSeries about this line and I neither of them tell me what from the P&L goes in this line. Is it "Job materials" raw product or etc?
  • dsi
    Senior Member
    • Dec 2005
    • 705

    #2
    In general terms, inventory costs.
    Dave, EA

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