have a customer that is a single member llc of a used tires and repairs business. they bought a truck load of tires, where should I enter this on the schedule c? Also were do I enter start up cost?
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I'd go for line 36, AND line 41 if not all sold.
Start up- line 27 via line 48.
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Cost of Goods Sold
what method should i put to value inventory on line 33? i was thinking cost?
@Tiger5
Here is the Resource you need to use:
https://www.irs.gov/instructions/i1040sc
Yes Cost
