Important
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For information call now:
(347) 989-4566
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Additional information
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Internal Revenue Service
Austin Service Center
ITIN Operation
P.O. Box 149342
Austin, TX 78714-9342
IN
1-800-829-1040
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Inventory
Property
Inventory property is personal property that is stock in trade or that is held
primarily for sale to customers in the ordinary course of your trade or
business. Income from the sale of inventory that you purchased is sourced where
the property is sold. Generally, this is where title to the property passes to
the buyer. For example, income from the sale of inventory in the United States
is U.S. source income, whether you purchased it in the United States or in a
foreign country.
Income from the sale of inventory property that you produced in the United
States and sold outside the United States (or vice versa) is partly from sources
in the United States and partly from sources outside the United States. For
information on making this allocation, see section 1.863-3 of the regulations.
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