Expired inventory
Varies
Can You Write Off Expired Inventory?
Short answer: Yes: inventory that expires and is thrown out is written off through cost of goods sold.
Inventory isn't deducted when bought; it becomes cost of goods sold when sold, or is written down when it's destroyed, expired, or unsellable.
Records to keep: Keep receipts or invoices, proof of payment, and a note of the business purpose for each expense.
BW-B23-00663
low risk
Expired inventory
Varies
General Business
Supplies & Inventory
Tax Write-Off Rules
Yes: inventory that expires and is thrown out is written off through cost of goods sold.
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
Yes: inventory that expires and is thrown out is written off through cost of goods sold. Inventory isn't deducted when bought; it becomes cost of goods sold when sold, or is written down when it's destroyed, expired, or unsellable.
Category
- Tax Write-Off Rules
tax rule
search demand 2026 b23
losses records
business losses