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Farm - Change from accrual to cash. Inventory?


Jack from Ohio

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I have a farmer that wishes to change from accrual to cash.  I know how to fill out 3115 to accomplish the change. Here is my question:

There is inventory involved.  How do I treat it when making the accounting method change?

Do I carry it over as inventory until sold, then use the basis as COGS?

Do I expense the inventory and have no COGS when sold?

I am certain, someone on the board has experience.

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