Strongsilence-C
Level 10
07-19-2022
05:30 PM
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The inventory valuation method must be reported on the initial corporation tax return. It is reported on F1125-A. But this form won't print, and I think it is because the corporation had no inventory. How do I force it?
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Strongsilence-C
Level 10
07-19-2022
05:39 PM
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solved. Box to force at the bottom of the form.
sjrcpa
Level 15
07-19-2022
06:20 PM
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So, if they have no inventory, why do you need to report an inventory valuation method?
The more I know the more I don’t know.
Strongsilence-C
Level 10
07-20-2022
12:48 PM
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Hi
They will have inventory starting this year.
2021 was the initial return and they had no inventory. I read in AICPA guidance that the method must be chosen on the initial return
sjrcpa
Level 15
07-20-2022
01:02 PM
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OK. I might interpret that to mean the first (initial) return where there is inventory; but no harm doing what you're doing.
The more I know the more I don’t know.
