About stella4am

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Re: Can i Use cash method on my tax return, and use cost of goods so...

@Mike9241Thanks for your response! I am nowhere near $30m and don't have AFS so I believe I qualify for X and/or Y. I'm trying to figure out the "right" way/pla...

stella4am

1

Updated Mar 31, 2025
Re: Can i Use cash method on my tax return, and use cost of goods so...

@ThomasM125Do you have a recommendation between these 3 options to report purchased/sold inventory?1) Include under COGS section as "Purchases" with 0 beginning...

stella4am

3

Updated Mar 31, 2025
Re: Can i Use cash method on my tax return, and use cost of goods so...

@DianeW777For clarity then, I'm wondering if it makes most sense to show inventory under Line 36 "Purchases" with a 0 beginning and 0 ending inventory balance (...

stella4am

6

Updated Mar 31, 2025
Solved Re: Counting begining and ending inventory.

@Anonymous_If I don't maintain an inventory, do you recommend putting inventory sold in "Materials and Supplies" on Line 38 in the COGS section, and putting 0 f...

stella4am

Updated Mar 28, 2025
Re: Can i Use cash method on my tax return, and use cost of goods so...

@DianeW777Thanks for clarifying. Do you recommend putting inventory purchases as "Materials and Supplies" on Line 38 in the COGS section, and putting 0 for begi...

stella4am

8

Updated Mar 31, 2025

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Date Registered	‎May 2, 2020 12:34 PM
Date Last Visited	‎April 15, 2025 7:00 AM
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