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October 13, 2020
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When can I take the inventory loss on Mary Kay business that was closed 12/31/19?

  • October 13, 2020
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Best answer by M-MTax

How did you deal with the inventory when the biz closed? If you dumped it all, your ending inventory is $0 and your COGS will reflect that.

1 reply

M-MTax
M-MTaxAnswer
October 13, 2020

How did you deal with the inventory when the biz closed? If you dumped it all, your ending inventory is $0 and your COGS will reflect that.