@AUZHO If you didn't enter an ending inventory last year, then this year's beginning inventory would be zero. You can look on line 41 of last year's schedule C to see what you entered for inventory.
Your ending inventory for this year would be the cost of merchandise you had available for sale at December 31, 2021. If you don't have an exact figure for that, you can estimate the cost, as it will just delay the expensing of it until 2022. So, the cost of goods sold as it relates to inventory is just a timing expense.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
