Originally Posted by
sean.hwy
so you have to pay taxes on stuff you already paid taxes on? Since I am selling the stuff at a loss there's no profit? Shouldn't I be able to claim a loss?
Absolutely you can claim a loss, as long as you are an entity with a registered business, and you can use the refund taxes to offset otherwise payable taxes you owe.
That implies proper accounting and of course, proof of purchases of your accounts payables.