What if I don't have the exact inventory value at the time of filing my tax return?

You should estimate the value that it should have been as of the end of the month. If the inventory amount is later determined, an amended return should be filed. In order to comply with the applicable rules and regulations, the following month's inventory should be performed on the last day of the month. To read more about this, please see TENN. COMP. RULES & REGULATIONS 1320-4-2-.06(2)(d).

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