Question

write off inventory

Forum|Forum|1 year ago
March 14, 2025
1 reply
0 views

Hi. i didn't sell anything this year, but i had to throw away some inventory since it expired.

if my COGS is say 8000 and i throw away 1500 of inventory, then do i reduce my COGS to 6500?

then where to do i list my 1500 of inventory that i'm writing off / throwing away?

TurboTax Business Windows

Your end of year inventory value will simply be $1,500 less, which will result in an increase to your COGS of $1,500.