Inventory Shrinkage
Varies
Can You Write Off Inventory Shrinkage?
Short answer: Inventory Shrinkage — Inventory & Cost of Goods
Write-off for lost, stolen, or damaged business inventory.
Records to keep: Keep receipts and document business use. Deductible if ordinary and necessary for your trade or business.
BW-EXP-04060
low risk
Inventory Shrinkage
Varies
Retail/Manufacturing
Supplies & Inventory
Inventory & Cost of Goods
Inventory Shrinkage — Inventory & Cost of Goods
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Write-off for lost, stolen, or damaged business inventory.
Category
- Inventory & Cost of Goods
inventory & cost of goods
inventory cogs
inventory shrinkage