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Why are reimbursements for expenses increasing my taxable income?
In the K-1 section of TurboTax, it says:
"Enter the reimbursements you received from this partnership in 2018:
- Reimbursements for Meals & Entertainment
- Reimbursements for Other Expenses "
When I enter in numbers for these reimbursements, why do they increase my taxable income? These are business expenses for which I was reimbursed, they should have nothing to do with my taxable income.
Topics:
March 2, 2019
12:02 PM