JosephS1
Expert Alumni

Business & farm

For tax year 2022, you need to start with the ending inventory that you listed for 2021.  If you ignore the inventory for 2022 you are inviting a notice from the IRS requesting further information.  List ending inventory for 2022 as zero so as to include your beginning inventory in your costs and not having to carryover any amounts when you begin your 2023 tax return.

 

As for the home office, you can add the new home office and remove the old home office in the steps to follow for your Schedule C.

 

@jhwgw 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"