Finishing up my 2021 1065 2 member llc
We refunded a client's $17,500 deposit where would I enter this
Thanks in advance for any help or guidance
If you did not include it in the income you have nothing to expense... you just had less income to report.
If you did add the deposit into income and refunded in 2021 then it goes on line 1B of the form 1065.