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Business & farm
In TurboTax, you can enter the amount of a refund of money previously included as income by going to the Income section of your Schedule C activity, then:
- In the Income section, select Add income for this work
- From the list that appears, select Rebates and Refunds under Less Common Income
- Enter a description and enter the dollar amount as a positive figure.
See also this help article for more information regarding self-employment income and expenses.
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March 4, 2023
10:59 AM