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bp113
New Member

Where do I input Line 2 "Returns and Allowances" on my Form 1040 Schedule C?

I don't see where to input my Returns for my business (which typically go on line 2 of the Schedule C).  Should I just deduct this from my gross sales and input that as income?
1 Best answer

Accepted Solutions
BillM223
Expert Alumni

Where do I input Line 2 "Returns and Allowances" on my Form 1040 Schedule C?

It is under Business Income: Income You Gave Back.

Go to:

  • Federal
  • Business Income & Expenses...Update
  • Edit your business
  • Business Income
  • Income You Gave Back
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

2 Replies
BillM223
Expert Alumni

Where do I input Line 2 "Returns and Allowances" on my Form 1040 Schedule C?

It is under Business Income: Income You Gave Back.

Go to:

  • Federal
  • Business Income & Expenses...Update
  • Edit your business
  • Business Income
  • Income You Gave Back
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

Critter-3
Level 15

Where do I input Line 2 "Returns and Allowances" on my Form 1040 Schedule C?

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