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Do you report stock as purchases and report them on schedule C, page 2 at the end of the year? Is there supposed to be a record system?

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Level 1
last updated ‎December 07, 2019 1:58 AM

The client has a spa and also sells her products to her clients.  Should she keep a record of her inventory and throughout the year and not just buy and add to the quantity without showing what us sold?

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Level 14
last updated ‎December 07, 2019 1:58 AM

Yes she should keep track of inventory.


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Highlighted
Level 14
last updated ‎December 07, 2019 1:58 AM

Yes she should keep track of inventory.


ex-AllStar

View solution in original post

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