topic please do not contact me, I am not the person who wrote this thank you in Business & farm https://ttlc.intuit.com/community/business-taxes/discussion/please-do-not-contact-me-i-am-not-the-person-who-wrote-this-thank-you/01/2818222#M93250 Mon, 23 Feb 2026 10:49:04 GMT Texas_guy 2026-02-23T10:49:04Z please do not contact me, I am not the person who wrote this thank you https://ttlc.intuit.com/community/business-taxes/discussion/please-do-not-contact-me-i-am-not-the-person-who-wrote-this-thank-you/01/2818222#M93250 Mon, 23 Feb 2026 10:49:04 GMT https://ttlc.intuit.com/community/business-taxes/discussion/please-do-not-contact-me-i-am-not-the-person-who-wrote-this-thank-you/01/2818222#M93250 Texas_guy 2026-02-23T10:49:04Z Re: I want to used the cash method of accounting for filing taxes and from what I understand I can deduct unsold inventory as an expense, can anyone explain this to me https://ttlc.intuit.com/community/business-taxes/discussion/re-i-want-to-used-the-cash-method-of-accounting-for-filing-taxes-and-from-what-i-understand-i-can/01/2818237#M93251 <P>If you are not keeping an inventory, then you deduct merchandise (items you hold for resale) as "supplies" when you actually sell the merchandise (i.e., you do not deduct unsold merchandise).</P> <P>&nbsp;</P> <P>See&nbsp;<A href="https://www.irs.gov/instructions/i1040sc#en_US_2022_publink24329wd0e2328" target="_blank">https://www.irs.gov/instructions/i1040sc#en_US_2022_publink24329wd0e2328</A></P> Mon, 16 Jan 2023 17:06:19 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-i-want-to-used-the-cash-method-of-accounting-for-filing-taxes-and-from-what-i-understand-i-can/01/2818237#M93251 Anonymous_ 2023-01-16T17:06:19Z