In TurboTax Self-Employed, the program refers to "returns and allowances" as "refunds and rebates." To enter returns in TurboTax, please follow these steps:
[Edited | 3/18/2020 | 12:04 am PDT]
I'm using cash method, no inventory. I see on Sched C there is "returns and allowances". If I add a line item in income and call it returns and allowances and put in a negative number, will it go to line Part I Income, Line 2, Returns and Allowances? And what do people that perform a service do for refunds?
In TurboTax Self-Employed, the program refers to "returns and allowances" as "refunds and rebates." To enter returns in TurboTax, please follow these steps:
[Edited | 3/18/2020 | 12:04 am PDT]