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New Member
posted Jun 3, 2019 1:01:49 PM

I purchase vintage items and re-sell them. Do I file these items as Materials & Supplies or something else? If something else, then what?

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1 Replies
Expert Alumni
Jun 3, 2019 1:01:50 PM

I would treat them as "Inventory", and they will be reported as "cost of goods sold" on Schedule C.