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Business & farm
I am advised to leave out the sale of inventory from CoGS and make gross profit negative. He is putting it in line 6 as other income to the sale of inventory. My TurboTax software is showing me this is a red flag since I am showing over $60k of loss this year compared to $30k of profits in prior years for the business.
‎June 15, 2022
6:06 PM