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can you verify what was the cost of goods that were sold and what was the cost of goods you still keep in inventory on the last day off the tax year?I will help you with reporting.
I am still not having a clear picture regarding your inventory...Your inventory at the beginning of the year was zero because you started business during that year - correct?Then your purchases were - 13.500
We need to know costs of inventory you took for personal reasons, - ? and
cost of inventory for business reasons (hosting sale events, etc) ?
Now we need to know what you had on Dec 31, 2015 - that is inventory you will roll to the next year. - ?
Can you just provide these amounts?
We will come to mileage and other deduction after we clear all reporting issues regarding inventory.
Let me know if you need any help with reporting.
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