JohnB5677
Expert Alumni

Deductions & credits

Yes, you can claim this as a business loss. 

  • You paid $9,000 for the load when it was refused. 
  • This then became inventory. 
  • You stated that you disposed of it.
  • Did you get any compensation from the disposal.
  • Any amount received would be deducted from the $9,000 and represent your loss.
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