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Get your taxes done using TurboTax
Thanks for the reply. Actually we are in the business of selling the inherited goods. We have a booth at a local antique mall for which we pay rent as well as a storage unit for all the stuff we inherited. And that’s the problem. My reading is that in order to deduct expenses for storing and selling items we must declare a value for our “inventory”. That’s the current sticking point. Any suggestions?
September 15, 2022
12:27 AM