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Do I need to report an inventory for a clothing company where I purchase blank shirts, design & screen print designs on them, package & sell them in my own retail store?
I have a business where I purchase blank shirts, design and screen print the designs on them and then sell them online. (All of this is done by only me).
Can the shirts be considered supplies (along with the ink) and do I have to report an inventory or can I write off the cost of the shirts in supplies and my retail sales as income?
‎June 1, 2019
4:05 PM