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I used my venmo for a not for profit organization and wrote a check to the account after paying for supplies. How/do I file this?
I am fundraising/treasury chair for a not for profit organization through my veterinary school. I collect money from other students on venmo when we do pre-orders on items. After the sale is over I transfer the money to my personal account and pay the total owed for the merchandise order. After that is payed, I write a check for the difference to the organization. How would I represent this on my taxes? My last two events had higher sales than usual and I am worried the amount will look suspicious to the IRS. I do have receipts from all transactions.
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‎September 23, 2020
8:37 PM