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Level 1
June 4, 2019
Solved

How do I deduct canvas and paint, etc for business started in 2016 but did not have any sales?

  • June 4, 2019
  • 1 reply
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Started new art b usiness, purchased materials to create but have not sold anything.  Is this inventory, supplies...?
Best answer by tygrtchr

It is inventory until it is sold.

1 reply

tygrtchr
tygrtchrAnswer
Level 7
June 4, 2019

It is inventory until it is sold.