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It is on mine, Marj.  Part 1: Income, Line 4 "Cost of goods Sold from 
line 42)".  My Schedule C is (form 1040) Profit or Loss from Business 
(Sole Proprietorship).   That's all I can say.

L
____________________________
Linda M. Feltner Artist LLC
P.O. Box 325, Hereford, AZ 85615
520.803.0538
https://urldefense.proofpoint.com/v2/url?u=http-3A__www.lindafeltner.com&d=DwIDaQ&c=Cu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=AGYZ7-AeerjxzYnIwL-lBLFI3SPYN3BDmku4qGQB4Tg&m=mhcjBZ3e1ZvFP5Bh6YbmbGDmHHDjdlynW0OG3a6oprs&s=AOJm9Fg291YhMt6SzKB4wR54ERoKiav8zbRqHEf2TKo&e= 
On 4/3/20 9:38 AM, Marjorie Leggitt wrote:
> Right, Linda. But in a Schedule C it’s not called COGS.
>
> M
>
> Leggitt Design
> 303.394.0566
>
>> On Apr 3, 2020, at 10:12 AM, Linda Feltner <[log in to unmask]> 
>> wrote:
>>
>>  If you file a Schedule C, you can list COGS.  I was a sole 
>> proprietor for donkey's years, then became an LLC. Both had schedule Cs
>>
>> ____________________________
>> Linda M. Feltner Artist LLC
>> P.O. Box 325, Hereford, AZ 85615
>> 520.803.0538
>> https://urldefense.proofpoint.com/v2/url?u=http-3A__www.lindafeltner.com&d=DwIDaQ&c=Cu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=AGYZ7-AeerjxzYnIwL-lBLFI3SPYN3BDmku4qGQB4Tg&m=mhcjBZ3e1ZvFP5Bh6YbmbGDmHHDjdlynW0OG3a6oprs&s=AOJm9Fg291YhMt6SzKB4wR54ERoKiav8zbRqHEf2TKo&e= 
>> On 4/3/20 8:49 AM, Marjorie Leggitt wrote:
>>> All, is it just me or am I just clueless about COGS? Is this only 
>>> for S-, C-corps or an LLC? I’m not seeing anything about this for 
>>> Sole Proprietor.
>>> Marj
>>> Leggitt Design
>>> 303.394.0566
>>>
>>>> On Apr 3, 2020, at 9:39 AM, Chris Gralapp <[log in to unmask]> 
>>>> wrote:
>>>>
>>>>  Lynette,
>>>>
>>>> I think it is OK to make an educated guess, and ballpark it--that's 
>>>> what I did--I have a feeling that there won't be too many questions 
>>>> asked. But that's just me!
>>>>
>>>> Chris
>>>> Chris Gralapp
>>>>
>>>> >^..^<
>>>>
>>>> *Chris Gralapp*,MA, CMI, FAMI
>>>>
>>>> Medical/Scientific Illustration
>>>>
>>>> 415.454.6567
>>>>
>>>> chrisgralapp.com 
>>>> <https://urldefense.proofpoint.com/v2/url?u=http-3A__chrisgralapp.com_&d=DwMFaQ&c=Cu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=AGYZ7-AeerjxzYnIwL-lBLFI3SPYN3BDmku4qGQB4Tg&m=t0Cd-VVpc8736T2oe4t6_yoQW08ulUbtE4bT6b7qeas&s=AWu_iZaNLIobvyWsVR6t1JKpE0Cihlek7VFClQkqLJE&e=>
>>>>
>>>> On 4/3/2020 8:27 AM, Liz Lockett wrote:
>>>>> Take the cost of every supply and expense you made for the year 
>>>>> and divide by the number of things you sold.
>>>>>
>>>>> On Fri, Apr 3, 2020, 11:18 AM Lynette Cook <[log in to unmask] 
>>>>> <mailto:[log in to unmask]>> wrote:
>>>>>
>>>>>     Britt, this article addresses inventory and keeping track of
>>>>>     costs in a general way as part of one’s business (for tax and
>>>>>     insurance purposes), though doesn’t directly address my
>>>>>     questions. I must come up with a number for COGS from
>>>>>     2/1/19-1/31/20. Thankfully, not for any other period than this!
>>>>>
>>>>>     Lynette
>>>>>
>>>>>     > On Apr 3, 2020, at 8:01 AM, Griswold, Britt
>>>>>     (GSFC-279.0)[LUSA Associates]
>>>>>     <[log in to unmask]
>>>>>     <mailto:[log in to unmask]>> wrote:
>>>>>     >
>>>>>     > Lynette,
>>>>>     >
>>>>>     > This article may have your answer:
>>>>>     >
>>>>>     https://urldefense.proofpoint.com/v2/url?u=https-3A__www.artworkarchive.com_blog_how-2Dto-2Ddo-2Da-2Dyear-2Dend-2Dinventory-2Dof-2Dyour-2Dart-2Dstudio&d=DwIGaQ&c=Cu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=AGYZ7-AeerjxzYnIwL-lBLFI3SPYN3BDmku4qGQB4Tg&m=cAU6KdqpDsZaQ9-bPjTIlOtFdU6rp7_ITwQlMqhyic4&s=vYJU2K0vsTkit-O7Qf6hQZFS361kasG5evTNUChZkPg&e=
>>>>>
>>>>>     >
>>>>>     > Personally, I do not have an inventory so this has never
>>>>>     been a problem for me, so no direct experience.
>>>>>     >
>>>>>     > Britt
>>>>>     >
>>>>>     > On 4/3/20, 10:50 AM, "SciArt-L Discussion List-for Natural
>>>>>     Science Illustration- on behalf of Lynette Cook"
>>>>>     <[log in to unmask] <mailto:[log in to unmask]>
>>>>>     on behalf of [log in to unmask]
>>>>>     <mailto:[log in to unmask]>> wrote:
>>>>>     >
>>>>>     >    Hi all,
>>>>>     >
>>>>>     >    I know this isn’t rocket science but I’m having trouble
>>>>>     wrapping my mind around it (my spring allergies must have me
>>>>>     befuddled). I’m having to come up with a number for COGS: cost
>>>>>     of goods sold for a 12 month period. We artists usually do not
>>>>>     run our business this way. So, for all physical paintings sold
>>>>>     during these 12 months I have to go back in my records and
>>>>>     hunt for receipts in order to itemize the cost of materials
>>>>>     and find the total dollar figure. Of course, some have to be
>>>>>     estimated, such as the 24” of wire that went on the back of a
>>>>>     canvas when said wire was purchased as a large roll 15 years
>>>>>     ago. And, hmmmmm, did I use a 1/4 C of gesso from the gallon
>>>>>     jug on that painting or did I use 1 C? A teaspoon of paint
>>>>>     from the tube of phthalo green or was it three?
>>>>>     >
>>>>>     >    My understanding is that I do not include my own labor or
>>>>>     other costs. Though I wonder: do I include my paintbrushes? I
>>>>>     easily ruin the points of 2-4 on each painting, so they are
>>>>>     expended for all intents and purposes even though not
>>>>>     incorporated into the art itself.
>>>>>     >
>>>>>     >     My main question is: am I thinking this through
>>>>>     correctly or am I missing something?
>>>>>     >
>>>>>     >    Lynette
>>>>>     >    —
>>>>>     >    Lynette Cook
>>>>>     > [log in to unmask] <mailto:[log in to unmask]>
>>>>>     >
>>>>>
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>>>>
>>>> ________________________________________________
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>>
>> ________________________________________________
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> ________________________________________________
>
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