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?
Is it possible to enter a negative value for my T2125 "inventory purchased"?
Moderator: Mark T Serbinski CA CPA
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