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I started with a direct sales company in December 2016 (LuLaRoe). I purchased inventory and supplies in December 2016. However, I did not receive the inventory and start selling until January 2017.
I did receive a 1099 (I think that what it was) from LuLaRoe. It says I purchased inventory, but made $0 since I did not sell anything in 2016. Do I file as a small business or claim everything next year?
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May 31, 2019
11:47 PM