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Business & farm
If you had a "Beginning of Year Inventory" that was more than zero, then you must indicate that your business had an inventory. You can then indicate that all of that inventory was "removed for personal use". That reduces your inventory to zero. (Which is required when closing the business) Then you can indicate your "personal donation" under the Deductions and Credits tab in the Charitable Donations section.
May 31, 2019
5:03 PM