inventory questions for taxes

[adoptababyfromhaiti]

I need help with my tax info please.  I have my starting inventory value from last years taxes.  I can get my end of year info from the listed items from ebay also.  What do i do about the unlisted inventory?  If i bought a box for $300 and the items are valued at $2000, what is the inventory value I use for taxes?   

[comics-scifi-collectibles]

@adoptababyfromhaiti   I'm sorry we can not offer that kind of advice you need to talk to a tax professional

[wooden_flower]

Inventory is valued at what you pay for it.  Your inventory includes the items that are not yet listed.

You say you 'bought a box' - I assume that is like a box of returned merchandise? I also assume there was no info given on potential value of the items in the box?   I'm thinking some kind of % of value method would be reasonable - as in you have 25% of the items in the box that have not sold yet, so they must have a value of $300 X 25% = $75. If you haven't sold any of the items from that box yet, then the value is $300.

How did you value the items in your inventory at the end of last year?  Consistency is important, so if possible, use the same method you used last year. If this is a new type of inventory for you, establish a method and stick to it.

I am not a tax accountant. For the best advice, you might need to pay to have your taxes prepared. Your question is very specific - I doubt that you will find a specific answer online. I can't see your total sales, so I have no way to know if $300 is a significant amount of your cost of goods sold.  If not, just create a reasonable method for estimating the value and go with it.

[adoptababyfromhaiti]

Thank you. I think last year I had listed  inventory but barely any unlisted inventory. This year I have  more unlisted inventory so I am learning. Thank you.