topic calculating credit card purchases in Deductions & credits

calculating credit card purchases

EWConLI — Mon, 23 Feb 2026 11:15:41 GMT

If I used my business credit card this past year, do I deduct just my reimbursement payments towards the balance, or just list the business purchases I made with card, or list both on my Schedule C?? Thanks!!

Re: calculating credit card purchases

VolvoGirl — Tue, 03 Jan 2023 16:37:28 GMT

Just enter the actual purchases when you bought them. Those are the expense. If you paid interest on the credit card you probably can expense that too. Paying the credit card doesn't go anywhere on your return.

Re: calculating credit card purchases

EWConLI — Tue, 03 Jan 2023 16:40:17 GMT

Perfect!!! Thanks so much for the clarification!!!!

Re: calculating credit card purchases

Mike9241 — Tue, 03 Jan 2023 18:09:33 GMT

@VolvoGirl @EWConLI

the reimbursement have to be accounted for. it would seem op makes the purchase and then gets reimbursed. not sure exactly how this happens. maybe op includes the cost in the invoices so they would be part of sales. then there is no issue. but if by other means op would either not include the purchase as an expense or preferably report the reimbursement as revenue

Re: calculating credit card purchases

VolvoGirl — Tue, 03 Jan 2023 18:16:38 GMT

Oh, I thought he just meant when he paid the credit card bill.