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pcates201
New Member

Filing a Schedule C for direct sales business, product that was purchased by me and then sold is considered inventory?

 
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ValerieE
Level 4

Filing a Schedule C for direct sales business, product that was purchased by me and then sold is considered inventory?

Yes.  Any product you buy for the purpose of selling to your clients is considered inventory.  Inventory should be valued at the price you paid for it plus any fees, taxes, and shipping included in the purchase.

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ValerieE
Level 4

Filing a Schedule C for direct sales business, product that was purchased by me and then sold is considered inventory?

Yes.  Any product you buy for the purpose of selling to your clients is considered inventory.  Inventory should be valued at the price you paid for it plus any fees, taxes, and shipping included in the purchase.

View solution in original post

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