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New Member
posted Jan 14, 2025 4:07:31 PM

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?

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1 Replies
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.