I have a small retail business. I have some unsold products that are several years old; I wonder whether I can write them off by offering it free (BOGO) to customers who purchase my other products. For example, if a customer purchased 5 products, I would offer 5 unsold products to the customer. For the tax return, can I deduct the cost of all the materials I gave away with FMV? Is this a good way to write off the unsold inventory in comparison with others? Thanks.
