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Disposing of unsalable inventory
Like all small businesses I've collected unsalable inventory--soiled, damaged, outdated, etc. I understand I can write these off via COGS, but then TurboTax expects I've reduced my inventory by selling the items (and producing an income from them).
How do I write off these items without the expectation that they were sold?
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‎April 6, 2024
11:23 AM