Inventory Is Not a Tax Deduction
You Have to Sell it or Throw it Away to get the Deduction
Published in
3 min readJun 18, 2021
Accounting rules confuse many people.
What is inventory? An inventory item is a product you have available for sale. If you sell boxes the boxes you have not yet sold are inventory.
Inventory is an asset that shows up on your balance sheet. Inventory is not a…