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Thank you Diane,
So, if BOY/EOY inventory reporting is not required for me on Form 1125-A, would I report UNSOLD inventory assets for this tax year on Line 27 (Supplies) on the "Other Deductions Worksheet" for form 1120S? Basically deducting my UNSOLD inventory as an expense?
Thank you.
‎February 4, 2022
8:40 AM