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She may not have a loss for the year if she had a lot of inventory leftover at the end of the year. If she carries inventory, the deduction for those purchases is calculated in the year the inventory is sold. Make sure you entered the correct Ending Inventory Value to get an accurate number.
She may not have a loss for the year if she had a lot of inventory leftover at the end of the year. If she carries inventory, the deduction for those purchases is calculated in the year the inventory is sold. Make sure you entered the correct Ending Inventory Value to get an accurate number.
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