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| Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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03-21-2022, 09:56 PM
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#1 |
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Confirmed User
Industry Role:
Join Date: Oct 2018
Location: New Orleans, Louisiana. / Newcastle, England.
Posts: 1,123
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Quick tax question re chargebacks
How/what do you report chargebacks as on your taxes?
Business losses / bad debt? With any fees as an operating expense or something else? 
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SOMETHING EXTREME IS COMING SOON! |
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03-22-2022, 12:44 AM
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#2 |
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Confirmed User
Industry Role:
Join Date: Nov 2010
Location: Where ever Delta flies
Posts: 3,134
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I am not an accountant, only play one on TV, but if I recall correctly ... your CPA or EA should report it on Schedule C in the section titled "returns and allowances". It should be under the gross income received field. Chargebacks are a form of a return or refund.
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"The time men spend in trying to impress others they could spend in doing the things by which others would be impressed." |
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