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OK. Your ending inventory on your 12/31/15 tax return (Sch C, cost of goods sold), becomes the beginning inventory on your 2016 tax return. If you used the Turbo Tax transfer option, then that number should have transferred to 2016.
ron.
OK. Your ending inventory on your 12/31/15 tax return (Sch C, cost of goods sold), becomes the beginning inventory on your 2016 tax return. If you used the Turbo Tax transfer option, then that number should have transferred to 2016.
ron.
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