You said:
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If you choose not to keep an inventory, you won’t be treated as failing to clearly reflect income if your method of accounting for inventory treats inventory as non-incidental material or supplies, or conforms to your financial accounting treatment of inventories.
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I am selling books only. So I buy books then store them and then resell online. So I will always have inventory
And I always account for inventory but if I am allowed not to do so, then I dont want to.
So in my case, can I stop accounting for inventory for federal income tax purposes?
