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mlb230282
New Member

If I had inventory for a small business from last year, am I required to continue reporting inventory this year with the new tax changes?

 
1 Reply
MinhT
Expert Alumni

If I had inventory for a small business from last year, am I required to continue reporting inventory this year with the new tax changes?

Yes, as the new tax laws have not changed anything about reporting inventory and cost of goods sold.

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