write off inventory

[minllc25]

Hi. i didn't sell anything this year, but i had to throw away some inventory since it expired. 

if my COGS is say 8000 and i throw away 1500 of inventory, then do i reduce my COGS to 6500? 

then where to do i list my 1500 of inventory that i'm writing off / throwing away? 

[M-MTax · Accepted solution]

Your end of year inventory value will simply be $1,500 less, which will result in an increase to your COGS of $1,500.