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-   -   Business Quick tax question re chargebacks (https://gfy.com/showthread.php?t=1353367)

Publisher Bucks 03-21-2022 09:56 PM

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? :helpme

NALEM 03-22-2022 12:44 AM

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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