Entering Unreimbursed Expenses

[beckz5]

I have several unreimbursed expenses I need to add to our Turbo Tax Business returns, however, I am unable to find this under the Turbo Tax Business information tabs (about your business or partner information) and do not know where to place them. Can someone assist?   Thank you!

 

[ThomasM125]

There is not a separate category on your business return for entering unreimbursed business expenses. You can add them to the expenses that they apply to. Copy paper purchased by a partner would be added to your office supplies expense, for instance.

Also, a partner can add them on his or her personal tax return on schedule E, page two. You will be asked if you have any when you enter your K-1 schedule from the partnership on your personal tax return, assuming the business is a partnership.

If you are a corporation, it is best to have the shareholder/employee submit an expense report and be reimbursed by the company.

[beckz5]

Thank you for the response.  I noticed that many mentioned that these unreimbursed expenses would be noted on our personal income taxes via schedule E, however, no one mentioned that they could be recorded on our 1065 in their proper category (with proper backup documentation).