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

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

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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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I just started a small internet business. where do I enter the products I purchase for resale? Where do I enter the shipping cost to ship the sold product.

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

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

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

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

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

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

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