junhuayq
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I feel this method is better than donation, because the BOGO may lead to more sales, while donation won't translate into more sales. Thanks.
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Thanks for the answer. Is there any pitfall for this BOGO method to write off unsold inventory? It's a fabric business. Thank you.
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Can I understand that yes, I can use the average unit price to determine the cost of products sold? I prefer not to read the IRS rules if there is a clear answe...
Activity Feed for junhuayq
- Posted Re: Can I write off unsold inventory this way? on Get your taxes done using TurboTax. June 8, 2022 12:39 PM
- Posted Re: Can I write off unsold inventory this way? on Get your taxes done using TurboTax. June 8, 2022 12:34 PM
- Cheered Re: Can I write off unsold inventory this way? for AdamNe. June 8, 2022 12:32 PM
- Posted Re: small business cost of goods on Get your taxes done using TurboTax. June 8, 2022 12:28 PM
- Posted Can I write off unsold inventory this way? on Get your taxes done using TurboTax. June 8, 2022 11:32 AM
- Posted small business cost of goods on Get your taxes done using TurboTax. June 8, 2022 11:17 AM