Any unsold inventory you have when you terminate your business can be taken as a deduction if you give it to a charity.
You cannot deduct it as a business expense since it was not sold.
If you have enough to Itemize you deductions, mortgage paid, property taxes paid, state income tax paid, medical expenses that exceed 7.5% of your total income and charitable contributions, this is the best way to receive a deduction for the unsold inventory.
@shannahd20
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