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Business & farm
I have a similar problem...same year. I think I did something wrong on my 2016 when it came to reporting inventory. I do not want to carry inventory. Somehow,in answering the questions regarding inventory and cost of goods, I ended up with an inventory figure at the end. Which us transferring to my 2017.
I had a CPA look at it and say it looked correct. I just cant get the $22, 000 woth of inventory back to 0. CpA says it looks correct on the tax form.
‎October 11, 2021
2:29 PM