@Carl I've got desktop Deluxe. I don't see any way to enter COGS sold other than use inventory. I would enter 0 for BOY and EOY inventory. Then I would enter my original cost as "cost of purchases". That effectively gets the original cost to GOCS.
@ABALLIETT said "I also do have lots of worthless collectibles due primarily to water damage. I had assumed that the cost of those items would be some sort of deduction rather than a manipulation of inventory for COGS
No, Since these items are just personal property, and not really business inventory, you don't get to deduct them, at all. If for some reason, you think you qualify, then entering the original cost as GOGS is the way to write it off.
