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Where do I deduct refunds for customer returns on my 1099K? I can't find what to put it under :c

 
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PatriciaR
New Member

Where do I deduct refunds for customer returns on my 1099K? I can't find what to put it under :c

Follow these steps to enter customer rebates/refunds paid:

  • Select Federal (in column on left side of program)
  • Select Edit next to your self-employment income and expenses
  • Select Edit next to your Line of work
  • Select Add income for this work
  • Check the box for Rebates/refunds paid. Report any income returned to customers and follow the TurboTax prompts to enter customer returns/refunds.

Click on screenshots below for more detail

View solution in original post

6 Replies
PatriciaR
New Member

Where do I deduct refunds for customer returns on my 1099K? I can't find what to put it under :c

Follow these steps to enter customer rebates/refunds paid:

  • Select Federal (in column on left side of program)
  • Select Edit next to your self-employment income and expenses
  • Select Edit next to your Line of work
  • Select Add income for this work
  • Check the box for Rebates/refunds paid. Report any income returned to customers and follow the TurboTax prompts to enter customer returns/refunds.

Click on screenshots below for more detail

LarrY1949
New Member

Where do I deduct refunds for customer returns on my 1099K? I can't find what to put it under :c

I really don't know exactly what I'm doing so I appreciate some help but I need to change a lot of my information because I have to file a 1095-a along with my taxes and I had forgotten my password

LarrY1949
New Member

Where do I deduct refunds for customer returns on my 1099K? I can't find what to put it under :c

I need a 1095-a for insurance purpose on my tax return

Where do I deduct refunds for customer returns on my 1099K? I can't find what to put it under :c


@LarrY1949 wrote:

I need a 1095-a for insurance purpose on my tax return


What tax year are you referring to for the Form 1095-A?

Anonymous
Not applicable

Where do I deduct refunds for customer returns on my 1099K? I can't find what to put it under :c

That option is no longer showing up in 2022 for the 2021 taxes.

LenaH
Employee Tax Expert

Where do I deduct refunds for customer returns on my 1099K? I can't find what to put it under :c

The best place to add Customer Refunds is under the Here's Your Info page in your Schedule C.

 

Please follow the instructions below to enter your customer refund information:

  1. Open your return.
  2. Search schedule c with the magnifying glass tool.
  3. Use the Jump to link.
  4. Click On Income and Expenses on the top of the page.
  5. Click Start next to miscellaneous expenses. Here are a few expenses that may not have been covered in other areas. If you've already entered some of these earlier, you don't need to add them again here.
    1. Other miscellaneous expenses
    2. Business gifts (limit $25 per person)
    3. Books and magazines for business
    4. Education courses
    5. Credit card processing fees
    6. Bank charges
  6. Enter your customer refunds and click continue. 
  7. Follow the on-screen instructions. 

@Anonymous

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