This inventory issue as presented in 2011 turbo tax is very confusing and misleading. Please address this clearly: What is the definition of Inventory, and if we do not need to report it as a small business (particularly one that converts purchased raw materials into a finished product), would we still need to list a value for ending inventory, and if so, where, and how? This would significantly change the tax due if ending inventory was no longer necessary to claim. Please clarify!
