Anyone know if we can claim growing supplies as medical expenses on income tax?

Mario Ceretto
7/1/2020,
Mario Ceretto  replied:

Absolutely.

 

Cultivation supplies are attributable to inventory and thereby deductible through Cost of Goods Sold (COGS).   Cogs is the allowable deduction under IRC 280E.  

2   
Sponsored by: Heliospectra
Mario Ceretto
7/1/2020,
Mario Ceretto  replied:

Absolutely.

 

Cultivation supplies are attributable to inventory and thereby deductible through Cost of Goods Sold (COGS).   Cogs is the allowable deduction under IRC 280E.  

2   
Sponsored by: Heliospectra