MaryK4
Expert Alumni

Get your taxes done using TurboTax

In the Business Income section, you can add in the category of Rebates and Refunds.  This will subtract from the gross income.

 

This is money you received but then gave back to a customer—a refund for a returned item, a rebate, or a discount. This isn't considered income, but it does need to be reported on your taxes.

 

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