@fanfare Schedule C, Line 37 is where inventory removed for personal purposes is entered.
It won't carry Schedule C to next year, and I *THINK* it forces you to go through each "asset" to indicate if they were sold or converted to personal use.
If inventory is removed for personal purposes, it would reduce the year-end inventory (Line 41). It would not create a "loss" in regards to the profitability for the business.
