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G
genji_k
April 14, 2025
Question

for my media business is camera and production equipment considered inventory

  • April 14, 2025
  • 1 reply
  • 0 views
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    1 reply

    AmyC
    AmyC
    Employee
    April 14, 2025

    Inventory is items you purchase for resale or items to create items to sell. Items used in your business are assets and depreciated or for small $ amounts, expensed.

     

    Reference: Self-employed individuals tax center

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