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Business & farm
@DianeW777 Thanks for this - very helpful. With TCJA and cash method, does this mean I should NOT check the box “my business carries an inventory” even though I purchased inventory/products in 2024 and have unsold inventory/products remaining at year end? If I expense ALL purchased inventory/products in 2024 (including unsold), where do I put this/label as in Schedule C? Appreciate your guidance!
March 11, 2025
9:18 PM