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Get your taxes done using TurboTax
This is unusual. Can you provide more details or a further explanation of what you are trying to accomplish?
If the dry ice is something you use in your business (e.g., for shipping purposes), then the total cost is an expense and deductible.
If the dry ice is inventory (i.e., held for resale in the ordinary course of business), then the "loss" should be accounted for in the cost of goods sold calculation.
‎September 12, 2019
10:16 AM