- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Ok. So you can deduct the cost of the leggings as Cost of Goods Sold on Schedule C.
You don't need to track inventory, or report end of year inventory if you claim it all as Cost of Goods Sold for the year.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 7, 2020
10:55 AM