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stephanielfrench
March 30, 2025
Question

I have a clothing business and IA was scammed out of inventory and the bank did not refund me. How do i claim this as a loss?

  • March 30, 2025
  • 1 reply
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    1 reply

    KrisD15
    KrisD15
    March 30, 2025

    You will show a decrease in inventory with no income for the decrease. 

    It isn't reported as a direct loss/expense but it will turn out that way since the inventory that you purchased (expense) will not result in income, so it stays a loss. 

     

    HERE is a thread with a similar question that might make it clearer. 

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