☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 4:51:01 PM

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...?

0 1 300
1 Best answer
Level 7
Jun 4, 2019 4:51:03 PM

It is inventory until it is sold.

1 Replies
Level 7
Jun 4, 2019 4:51:03 PM

It is inventory until it is sold.