Question
Question about reporting Refunds on Schedule C
When reporting a refund for a product sold on etsy on my Schedule C Tax form, I'm wondering if I'm only supposed to put the amount Etsy charged me (whether my card or my etsy account) for the refund on the Refunds line on schedule C or if I'm supposed to put the full amount that was refunded to a buyer.
For example, I refunded a buyer for a product, the total refund the customer received was $14.11. On the other hand, Etsy charged my credit card $13.44 for the refund. Would I put $13.44 that I paid for Refunds on my Schedule C form or would I put the the $14.11, the full refund amount the customer received?
Any advice is appreciated, thank you!
