Deductions & credits


@BTCrafting wrote:

I already explained the situation with the purchases in another post and the same person told me to put my purchases as 0 and not a gift....


You can do that yourself, if that is the way you want to treat it and you want to use the COGS section; that is just another approach.

 

However, if you use that method (i.e., $0 for beginning of year inventory and $0 purchases), you cannot then have an ending inventory of any amount. In short, your COGS will also be $0.