I report 'Goods for resale' as 'Supplies' -- I don't use inventory accounting. Amazon's 1099K is not adjusted for fees or refunds. I put the fees under 'Other expenses', so should refunds go there, too? Or is there a better place?
Refunds issued would go on the income entry screen using the option Rebates/Refunds Paid. So you would go back to "add income for this work" and then select the Rebates/Refunds Paid option. See the sample screenshot below. On the next screen you can enter a description and an amount. This amount, then, will be deducted from your self employed income total on your Schedule C form.
Refunds issued would go on the income entry screen using the option Rebates/Refunds Paid. So you would go back to "add income for this work" and then select the Rebates/Refunds Paid option. See the sample screenshot below. On the next screen you can enter a description and an amount. This amount, then, will be deducted from your self employed income total on your Schedule C form.