Quote:
Originally Posted by Jason19th
The issue really isn’t inventory. You need to match up gross sales with the cost of those items to get net sales. Then you can take other allowed business expenses
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I have the costs. I'm just trying to figure out whether to include (in my ending inventory total) items that are not yet listed for sale.
For instance, I listed a few items today. I've had them for a decade (or more) but didn't have them listed for sale as of 12/31. Should they be included in my ending inventory total for my tax return next month?