In the prior year 2016, my business had travel expenses of $9200. In the current year 2017, those expenses were paid by the client so travel is -$9200. I had no other travel until 2018, so my total travel expenses for 2017 is -$9200.
The field on this worksheet will not allow a negative value for field Travel. Supporting details are there, adding up to the negative value.
Thanks!
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Since you reported this expense on a prior tax return, the reimbursement you received this year must be reported as business income. As you discovered, you are not able to enter a negative number for an expense.
Since you reported this expense on a prior tax return, the reimbursement you received this year must be reported as business income. As you discovered, you are not able to enter a negative number for an expense.
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