@MauryM wrote: Is there a threshold at which a small biz needs to use COGs/Inventory as opposed to expensing inputs as materials/supplies?
Is there a threshold at which a small biz needs to use COGs/Inventory as opposed to expensing inputs as materials/supplies?
Yes, and it is extremely high.
See https://www.irs.gov/instructions/i1040sc#en_US_2023_publink24329wd0e2328
