I started my resale business in 2018. On my return, which I completed with Turbo Tax, it shows a blank answer on my BOY and EOY inventory. During 2018, I paid for all of the inventory I purchased with my sales but I still had inventory remaining. What do I enter for my 2019 BOY inventory? Is $0 correct since the inventory is paid for? Do I need to amend my 2018 return?
How do I calculate EOY for 2019 since all inventory has been paid for as well.
Thank you
