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posted Jun 6, 2019 2:25:45 AM

How do file a business reimbursement to your wife who is not on payroll?

My wife has a personal acct at the same bank as my business.

When paying a bill last year; she paid from her personal account; but the expense should have been paid from the business account. She did a transfer between the two accounts to correct it; but how should this reimbursement be filed for 2016 Taxes?

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1 Best answer
Level 15
Jun 6, 2019 2:25:47 AM

If you are self employed and file schedule C it doesn't matter which account an expense is paid from.  You just enter the actual expenses paid.  You also do not enter the reimbursement.  You just enter the actual expense.

1 Replies
Level 15
Jun 6, 2019 2:25:47 AM

If you are self employed and file schedule C it doesn't matter which account an expense is paid from.  You just enter the actual expenses paid.  You also do not enter the reimbursement.  You just enter the actual expense.