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Inventory Treatment when Selling a Business
I sold my business in 2019 and had more than $1,000,000 in inventory. This was an asset sale, and the inventory value is listed on Form 8594. Since the ending inventory must equal zero for the year on the balance sheet (and COGS calculation), do I show the asset as part of COGS for the year?
‎December 17, 2019
12:06 PM