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

Started new art b usiness, purchased materials to create but have not sold anything.  Is this inventory, supplies...?
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Level 7

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

It is inventory until it is sold.

View solution in original post

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Level 7

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

It is inventory until it is sold.

View solution in original post

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