Sole Proprietorship. Ran my own credit card thru my business cc machine to cover some expenses. That $ was reported as income on my 1099K. How do I show it's not income?

[gatehealing]

Do not want to pay taxes on money that was not actually income, but as sole proprietorship, I'm not sure how to do this.

[RichardK · Accepted solution]

You are allowed to adjust your records for gross receipts on the 1099-K that were not income, in the income section of Turbotax, you can enter the non-income amount in the  Income you gave back line, or click here for instruction to enter 1099-K into Turbotax.

[gatehealing]

Thanks Richard!