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You will simply reduce your ending inventory by the amount you paid for the inventory you are disposing of, is obsolete, etc. There is no further deduction allowed for donating inventory since cost value will be reported as the reduction in inventory on your Schedule C.
You will simply reduce your ending inventory by the amount you paid for the inventory you are disposing of, is obsolete, etc. There is no further deduction allowed for donating inventory since cost value will be reported as the reduction in inventory on your Schedule C.
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