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Business & farm
In order to populate a figure on your Schedule C line 2 for returns and allowances, here is how to enter the information in TurboTax Online:
- Navigate to Federal > Wages & Income > Self-employment income and expenses
- Edit your business
- Scroll to Income, then select Add income for this work
- Choose Rebates and refunds, includes any income returned to customer
- Briefly describe the amount- "Refund" or the like is sufficient and enter the amount
March 1, 2025
7:59 PM