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URL:  http://boards.fool.com/so-it-would-seem-one-that-both-using-your-30282320.aspx

Subject:  Re: Inventory is income? Date:  9/25/2012  12:35 PM
Author:  ptheland Number:  116664 of 121219

so it would seem one that both (using your approach) would be taxable income if not sold during the year of acquisition.

I'm repeating myself here, but that is wrong. Unsold inventory is not taxable income.

Unsold inventory is something that is going to be an expense, it's just not a tax deductible expense yet. You have to wait to deduct that expense until the item is sold.

--Peter
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