Schedule C, part 3, line 35 - Is inventory the wholesale or retail value?
- BrianLv 61 month agoBest Answer
Cost. If you get audited, the IRS wants RECEIPTS.
- DIEGO.Lv 71 month ago
this is a good question!
- curtisports2Lv 71 month ago
Inventory is actual cost.
- STEVEN FLv 71 month ago
NO. Inventory is shown at the price you paid. NEITHER wholesale NOR retail are correct.
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- EvaLv 71 month ago
It's what you paid for it, so wholesale.
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