It depends: If your business will continue, then the inventory should remain on your balance sheet (and not be deducted). However, if you're winding down the business and have unsold inventory on your books, then you can take a loss after donating or disposing of the remaining inventory.

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kaylee-123

Question

I’m a self published author who purchased books to sell at store. Very few sold and I have a large inventory left after years. Can I claim a write down?

Forum|Forum|1 year ago
January 15, 2025
1 reply
0 views

No text available

JaviC

It depends:

If your business will continue, then the inventory should remain on your balance sheet (and not be deducted).
However, if you're winding down the business and have unsold inventory on your books, then you can take a loss after donating or disposing of the remaining inventory.