Question
Not Reporting Inventory - small business
I own a small handmade craft business and I made less than $150 for the year of 2023. It is to my understanding that I do not have to report inventory because I have made such a low amount. When filing online, it states: "If you're not reporting inventory, but had material or supply expenses, enter them as supplies under expenses." When I check the box that says "No, I do not have inventory to report," and click continue, it doesn't give me an option to enter material or supply expenses under expenses. Where do I enter this information?
