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  3. a qualifying small business taxpayer may deduct th

A qualifying small business taxpayer may deduct the cost of inventory A - As soon...

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Accounting

A qualifying small business taxpayer may deduct the cost of inventory

A - As soon as the materials are purchased, even if the product remains unsold at the end of the year.

B - As depreciation on Schedule C (Form 1040), line 13

C -As non-incidental materials and supplies

D - In the manner used for their books and records, but only after receiving IRS approval

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