Sch C End of Year Inventory
Do I need to include a explanation to the IRS for having 0 on this year's return for the starting inventory because for some reason it wasn't filled in last year?
No, you don't need to include a explanation to the IRS for having 0 on this year's return. It's actually fairly typical. In addition, it makes sense that last year's ending inventory of "zero"/blank would be this year's starting. The fact that it was blank is a non-issue.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.