Yes it was a meat goat raising business. the barn fire that destroyed the barn completely and killed our meat goats that were being housed inside due to winter. I have been using the accrual inventory method. So do I just show the ending inventory as zero? We were a seed stock operation using the farm unit value for inventory. Not sure if I can claim them as casualty loss or is removing them from inventory the only step I can take tax wise.
thank you and sorry I reposted in error. Any idea how to delete the duplicate post? I am new to this community board.
