MarilynG1
Expert Alumni

Get your taxes done using TurboTax

If the business had any inventory beginning in 2024, your closing inventory balance must be zero. If not, then you must show the disposition of that inventory. 

 

If you did not sell that inventory, then simply select the option to indicate it was removed for personal use. That will make the ending inventory balance zero.

 

 

 

@Helpinghand11 

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