I’m a self published author who purchased books to sell at store. Very few sold and I have a large inventory left after years. Can I claim a write down?
01676
1 Replies
JaviC
New Member
Jan 19, 2025 10:24:51 AM
It depends:
If your business will continue, then the inventory should remain on your balance sheet (and not be deducted).
However, if you're winding down the business and have unsold inventory on your books, then you can take a loss after donating or disposing of the remaining inventory.