I used to carry nine different types of bath & body products, but in October of last year I opted to carry only my best selling product, and dropped the rest. Where on the Schedule C do I inform the IRS that the inventory that was eliminated was not sold or still on hand? Any help would be SO greatly appreciated!!!
Debbie Helbing
http://celestialsoapco.tripod.com
2007-02-08
01:18:36
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2 answers
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asked by
celestialsoapco.tripod.com
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Business & Finance
➔ Taxes
➔ United States
The inventory was dumped. Everything was due to expire within months of the change, so I dumped the oils and salts into our compost pile.
2007-02-08
02:46:06 ·
update #1