oksana
New Member

What if you purchased some goods for my business in 2018 and returned them in 2019 from tax deduction perspective?

I purchased some goods for my business in 2018 with my bushiness bank account, but returned them in 2019. Should I report them as deductions in 2018 and income in 2019 return? May I just do not mention the transaction? If I do not mention, not sure how can I explain the credit transaction on my bank account if I'm on audit in 2019