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Business & farm
If this is because you closed your SCH C business in 2019, your EOY Inventory Balance *has* to be zero. So if you have any remaining unsold inventory, the simplest thing to do so you can make the EOY Balance zero, is to just show that remaining inventory as "removed for personal use". That will make your EOY Inventory Balance equal to ZERO.
If this is *NOT* a SCH C business, then different things have to be done. Just let us know.
‎September 23, 2020
12:28 PM