Self published book

[slgiver]

I self published a book and sell online using createspace. I spent around $500 on books to sell or give away in person. Do I put this cost in my self-employed supplies?

[DexterS · Accepted solution]

You cannot deduct the cost of books you still have in "inventory"

Deduct the cost of books sold as "Cost of Goods Sold".

Deduct the cost of books given away as advertising.