Can a Business Take a Tax Deduction for Donating Excess or Obsolete Inventory to Charity? | Chron.com

May 8, 2013

You can sometimes receive valuable tax incentives by donating your old inventory. Related Articles Tax Rules for Deducting Obsolete Inventory Do You Show a Write-off for Obsolete Inventory on the Income Statement? Accounting Methods for Obsolete Inventory by GAAP Accounting for Obsolete Inventory Accounting for Distressed Inventory What Causes Obsolete Inventory to Rise? Getting rid…
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