No, the amount you paid for your book to be published becomes inventory since you still have books you can sell. You can deduct the amount that each book cost that you sold, but the remaining amount you paid for books you still have cannot be deducted until you sell the books.
For example Beginning Inventory $0 plus Purchases $15,000 minus Ending Inventory $13,000 equals Cost of Goods Sold $2,000.
The Cost of Goods Sold is the only amount you can deduct.
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