I bought a $10 item in 2021, and claimed it on my schedule c. In 2022, I sold the item, and in Federal > wages & income > business > inventory, it shows as $10 of Inventory expenses. I did not claim that I bought the item in 2022, I am listing it as starting inventoy sold in 2022. Wow, thats great I get to expense that item twice. Which U.S. law allows me to double expense my inventory?
