tdc
New Member

Can I report discounts?

Under the "income you gave back" section, it asks for $ we've returned to Customers.  We offer discounts to our Customers which are taken at the time an Order is placed.  So as an example, on a $300 dollar Order we may give a 10% discount, so the total of the Order is $270.  We only collect $270 and that's what we report as income.  So are discounts eligible under this section??  It looks like the impact is it reduces the taxes we owe but does NOT change the income in Turbo Tax