topic I want to close my LuLaroe business on 12/31/17. I have several thousand dollars of inventory left. If I donate the remaining inventory what will the final value be? in Business & farm https://ttlc.intuit.com/community/business-taxes/discussion/i-want-to-close-my-lularoe-business-on-12-31-17-i-have-several-thousand-dollars-of-inventory-left-if/01/458258#M17391 <P>When reporting the items donated, do I use the wholesale price I paid or the price I would have sold them at retail?</P> Tue, 04 Jun 2019 23:21:04 GMT cindy246 2019-06-04T23:21:04Z I want to close my LuLaroe business on 12/31/17. I have several thousand dollars of inventory left. If I donate the remaining inventory what will the final value be? https://ttlc.intuit.com/community/business-taxes/discussion/i-want-to-close-my-lularoe-business-on-12-31-17-i-have-several-thousand-dollars-of-inventory-left-if/01/458258#M17391 <P>When reporting the items donated, do I use the wholesale price I paid or the price I would have sold them at retail?</P> Tue, 04 Jun 2019 23:21:04 GMT https://ttlc.intuit.com/community/business-taxes/discussion/i-want-to-close-my-lularoe-business-on-12-31-17-i-have-several-thousand-dollars-of-inventory-left-if/01/458258#M17391 cindy246 2019-06-04T23:21:04Z Simple answer: You use the wholesale price, or what you a... https://ttlc.intuit.com/community/business-taxes/discussion/simple-answer-you-use-the-wholesale-price-or-what-you-a/01/458267#M17392 Simple answer: You use the wholesale price, or what you actually paid for it. <BR />It's complicated; see <A target="_blank" href="https://ttlc.intuit.com/questions/2579678-donating-business-inventory-books-deduction?jump_to=answer_4231463">https://ttlc.intuit.com/questions/2579678-donating-business-inventory-books-deduction?jump_to=answer_4231463</A> Tue, 04 Jun 2019 23:21:05 GMT https://ttlc.intuit.com/community/business-taxes/discussion/simple-answer-you-use-the-wholesale-price-or-what-you-a/01/458267#M17392 Hal_Al 2019-06-04T23:21:05Z