Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
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when you finish doing a business yourself, is it okay to have a non zero ending inventory (when there are unsold items) for the final schedule C of the business, and then afterwards it means all items in those inventory is your personal asset from that point forward? or we must reduce the ending inventory to zero, if this will be the final schedule C?
Yes. Cost of goods sold = beginning inventory + purchases - ending inventory.
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