It doesn't matter if you give it away versus keep it. You don't get a deduction because you give things away.
The issue here is what the value of the items are. If they decreased in value so that on the last day of the business they were worth less than what you paid for them, you could reduce the cost of items withdrawn for personal use to reflect the deceased value and you would get a business deduction for that. But once they are out of the business, you can't take a deduction on the items as they become personal assets, the loss on which is not deductible.
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