Guide for Claiming Inventory Deductions Offered by NAEIR.
| Position | National Association for the Exchange of Industrial Resources - Brief Article |
By donating unproductive inventory to charity, a business can earn a federal income tax deduction under Section 170 (e)(3) of the Internal Revenue Code. Examples of unproductive inventory include nonmoving stock, discontinued SKUs or slow sellers. GPAs may receive a free guide that includes step-by-step instructions on the donation process as well...
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