My wife was an independent consultant for LulaRoe 4/2016 to 12/2016. We have leftover inventory that is worth more than what we made from sales. Isn't this a loss?

Tax Year 2016: My wife was an independent consultant for LulaRoe 4/2016 to 12/2016. We have leftover inventory that is worth more than what we made from sales. Isn't this a loss?

In Turbotax, Business Income shows positive. How can I add the leftover inventory as a loss?

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The inventory doesn't count until it's sold. If she plans on selling it, you will have to continue the business and carryover the inventory into 2017. If she ended the business and is giving it away, you can reduce the ending inventory to zero.