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bushnj00
Level 1
posted
‎February 4, 2021 1:40 PM
last updated ‎February 04, 2021 1:40 PM

Business inventory

I did not have any business activity in 2020.  Therefore, I did not report any inventory.  Why is there a positive amount of inventory showing after I complete the business section of my return?

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MarilynG1
Employee Tax Expert
Employee Tax Expert
‎February 4, 2021 6:16 PM

Business inventory

Click this link for info on How to Remove Inventory from Schedule C.

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
MarilynG1
Employee Tax Expert
Employee Tax Expert
‎February 4, 2021 6:16 PM

Business inventory

Click this link for info on How to Remove Inventory from Schedule C.

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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