Reimbursements were from purchases for office materials or driving my own car to a sales meeting. Since this is not INCOME, how do I report it? Do I report it?
Also, on my QuickBooks system, how do I classify the reimbursement checks given to me?
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Purchases that you made for the LLC S-Corp and were later reimbursed for do not need to be reported on your tax return because you are correct, it is not income. The LLC S-Corp will record the reimbursements to you as expenses on their tax return.
For your Quickbooks system set up and questions, connect with the Quickbooks Learn & Support Community here https://community.intuit.com/quickbooks-online
Purchases that you made for the LLC S-Corp and were later reimbursed for do not need to be reported on your tax return because you are correct, it is not income. The LLC S-Corp will record the reimbursements to you as expenses on their tax return.
For your Quickbooks system set up and questions, connect with the Quickbooks Learn & Support Community here https://community.intuit.com/quickbooks-online
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