Inventory Reporting Question

Your beginning inventory is the cost of goods you had on hand. It can't be zero because the purchases were made prior to 2020.

Thank you for the response and your time @ColeenD3 . One quick follow up if I could. Given that we did not report inventory in 2019 will that not create a discrepancy between our 2019 and 2020 returns? If so how do I solve this? 

Turbo Tax seems to indicate that the our ending 2019 and beginning 2020 need to match.

It may or may not. If you get a letter, just explain the reasoning. Not everything can be done cleanly on the tax return.

@ColeenD3 thank you for your time and assistance.