I'm having products manufactured to re-sell in my business. Am I supposed to write this off of my taxes?

Question

I'm outsourcing the manufacturing of goods that I'm selling at retail in my business. How do I treat the manufacturing cost of my goods for my taxes?? Thanks!

Answer 1

It is cost of goods sold.

Answer 2

no.

YOU don't write off anything but your losses.

I think you are confusing cost of goods sold with tax deductions;

no relationship.

I sure hope that you have those goods pre-sold or almost

presold so that everything that you get made for you goes

out the door within 1 mo, to customers.