- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
I would not file Form 3115. I would do just as you described, and show a starting inventory of zero. You would not include as COGS the ending inventory from last year, as it was included in your costs last year.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 1, 2023
5:40 PM