Inventory is expensed as the items are sold. So, if everything you bought for $25,000 ($10,000 price plus $15,000 shipping and other acquisition cost) was sold ...
If you don't report the tax withheld, when the software calculates the amount due or refund, it will short you by the amount withheld. You'll wind up with a sma...
If you've received a 1099-NEC and do not meet theGroetzingertest ("trade or business" is 1. regular and continuous and 2. with a profit motive), the 1099-NEC sh...
