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Deductions & credits
QB is a bookkeeping program for your business ... NO personal expenses should be registered in it or paid from the business account. All the personal residence costs should be paid thru the personal checking account and then a portion is allocated to the OIH on the Sch C and is taken into consideration on the return ... not in advance in the bookkeeping program. You do not reimburse your personal account from the business when you are a sole proprietor ... you really need to keep the personal & business separated.
‎January 15, 2020
7:39 AM