Answered: Do you report stock as purchases and report them on schedule C, page 2 at the end of the year? Is there supposed to be a record system?

denm · ‎12-07-2019

The client has a spa and also sells her products to her clients. Should she keep a record of her inventory and throughout the year and not just buy and add to the quantity without showing what us sold?

sjrcpa · ‎12-07-2019

Yes she should keep track of inventory.

The more I know, the more I don't know.

View solution in original post

sjrcpa · ‎12-07-2019

Yes she should keep track of inventory.

The more I know, the more I don't know.

Do you report stock as purchases and report them on schedule C, page 2 at the end of the year? Is there supposed to be a record system?

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