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Business & farm
It says businesses with less than $1M in sales don't need to report inventory. For some reason when I input the new cost (end of 2017 inventory) what I owe goes up. So by purchasing inventory and adding it onto the end of 2017 box, it seems I owe more than actually it being a deduction?
So since it says less than 1M sales don't need to report inventory, should I skip this section entirely, and just add the entire inventory cost including drop shipped items in the "Cost of Purchases" box instead?
So since it says less than 1M sales don't need to report inventory, should I skip this section entirely, and just add the entire inventory cost including drop shipped items in the "Cost of Purchases" box instead?
‎June 1, 2019
10:05 AM