Question for anyone who has physical inventory at tax time

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  • selena
    Confirmed User
    • Aug 2004
    • 7995
    #1

    Question for anyone who has physical inventory at tax time

    This is my first year of having a physical inventory, and I am starting to freak just a little as I'm adding up the cost of all this stuff.

    I have an accountant, and she'll be doing my taxes, but can anyone give me the cliff notes on how much and what kind of taxes I will have to pay on inventory.

    It would be much appreciated.
    ~
    Doer of Things at
    MetArtMoney
    Where Flawless Beauty Meets Art
    ~The MetArt Network ~
    selena.delgado9
    Tags: None
    • bobby666
      boots are my religion
      • Nov 2005
      • 21765
      #2
      to name your country might be useful at least

        Comment

        • selena
          Confirmed User
          • Aug 2004
          • 7995
          #3
          Originally posted by bobby666
          to name your country might be useful at least
          I did leave that out, sorry.

          US, filing as a sole prop.
          ~
          Doer of Things at
          MetArtMoney
          Where Flawless Beauty Meets Art
          ~The MetArt Network ~
          selena.delgado9

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