Thanks for the quick response @Anonymous_ ! I just want to be very sure, since doing so increases the refund I receive quite a bit - does this incorrectly indicate to the IRS that I am shuttering my business? I will continue to sell those inventory items in 2022 and beyond....
Also, if I do so, I suppose on a go-forward basis I just enter in the COGS for new inventory purchased in the relevant tax year?
