- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
In my wife's Mary Kay Business this year there was a large amount of expired products that were thrown away. Can I deduct it on my taxes?
Topics:
June 4, 2019
6:54 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
If you throw away expired products, this would reduce your ending inventory at year end and lower your profit. This is the way to account for expired products. You do not separately deduct the expired products.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
June 4, 2019
6:54 PM