https://community.squareup.com/t5/Archived-Discussions-Read-Only/Taxes-Inventory-Question/m-p/155641#M25039 <P>I have a jewelry business and I have a question regarding my inventory do I have to count each piece? @TTaxLisa</P> Sat, 07 Mar 2020 17:15:37 GMT RENE1069 2020-03-07T17:15:37Z https://community.squareup.com/t5/Archived-Discussions-Read-Only/Taxes-Inventory-Question/m-p/155641#M25039 <P>I have a jewelry business and I have a question regarding my inventory do I have to count each piece? @TTaxLisa</P> Sat, 07 Mar 2020 17:15:37 GMT https://community.squareup.com/t5/Archived-Discussions-Read-Only/Taxes-Inventory-Question/m-p/155641#M25039 RENE1069 2020-03-07T17:15:37Z https://community.squareup.com/t5/Archived-Discussions-Read-Only/Taxes-Inventory-Question/m-p/155647#M25040 <P>Yes, you should count every piece of your inventory.&nbsp; This is because the value of your current inventory versus what it was at the end of last fiscal year is part of the calculation of your profit/loss for the year.&nbsp; Without accurate inventory figures, your tax submission will probably be wrong.</P> Sat, 07 Mar 2020 17:34:09 GMT https://community.squareup.com/t5/Archived-Discussions-Read-Only/Taxes-Inventory-Question/m-p/155647#M25040 GlassJudy 2020-03-07T17:34:09Z