Hello everyone,
Hope you all are doing good.
I had previous business inventory in the 2019 that got completely sold in November 2019 without any profit. Then in December 2019, I bought new inventory that was not related to previous inventory at all. I did not start selling until January 2020.
Question is, which year do I show the inventory I bought in 2019? In 2019 year tax or 2020 tax?
Thanks much
