Where do i enter the cost/loss for beauty product that is out of date and discarded?

[KarenL2 · Accepted solution]

If this is your business, you will simply reduce your ending inventory amount by the cost you paid for that product.   However, if you don't report inventory, then report the cost as a Supply. 

If you previously reported the cost on a prior year tax return, as a Supply or anything other than Inventory, then you won't report it again.