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How to treat inventory when closing?
I'm looking to close my business at some point, and wanted to know, if I gave my inventory away, not to a charity or , would I have to consider that as personal use? And record it as such? Or could I just zero it or as a loss? I figure it's probably the latter even though I'm giving it away and it's not for personal use at all.
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‎April 6, 2025
2:47 PM