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If I bought items for a client and the client included them as part of my income, how do I report that as an expense? What type of expense is it reported as?

 
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Accepted Solutions
HelenaC
New Member

If I bought items for a client and the client included them as part of my income, how do I report that as an expense? What type of expense is it reported as?

You can enter them as Supplies or Other Miscellaneous Expenses in the Business Expenses section.  If you use the Miscellaneous area, you can write a description with the amount.  Both areas are appropriate and produce the same result on your tax return.

To enter your expenses: 

  • Type Sch C in the search/find bar and click search/find.
  • Click on Jump to Sch C.
  • Click on start/edit or Add Another Business.
  • Scroll down to Business Expenses, Other Common Business Expenses
  • Continue with the onscreen interview. See the screenshot below.

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1 Reply
HelenaC
New Member

If I bought items for a client and the client included them as part of my income, how do I report that as an expense? What type of expense is it reported as?

You can enter them as Supplies or Other Miscellaneous Expenses in the Business Expenses section.  If you use the Miscellaneous area, you can write a description with the amount.  Both areas are appropriate and produce the same result on your tax return.

To enter your expenses: 

  • Type Sch C in the search/find bar and click search/find.
  • Click on Jump to Sch C.
  • Click on start/edit or Add Another Business.
  • Scroll down to Business Expenses, Other Common Business Expenses
  • Continue with the onscreen interview. See the screenshot below.

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