Is it possible to enter a negative value for my T2125 "inventory purchased"?

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taxquestions
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Joined: Tue Dec 18, 2018 6:31 pm

Is it possible to enter a negative value for my T2125 "inventory purchased"?

Post by taxquestions »

01/10/2020 - 01/20/2020 is my last tax return as I sever Canadian residency.

My T2125 2020 opening inventory value is $10,000. I received a $300 refund Jan 5th 2020 for damaged inventory from my supplier purchased in 2019. I bought no inventory in 2020.

Would I enter -$300 on my inventory purchased line on my T2125? Is it possible to enter a negative number here?
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