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How do file a business reimbursement to your wife who is not on payroll?

Forum|Forum|7 years ago
June 6, 2019
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My wife has a personal acct at the same bank as my business.

When paying a bill last year; she paid from her personal account; but the expense should have been paid from the business account. She did a transfer between the two accounts to correct it; but how should this reimbursement be filed for 2016 Taxes?

TurboTax Self Employed Online

Best answer by VolvoGirl

If you are self employed and file schedule C it doesn't matter which account an expense is paid from. You just enter the actual expenses paid. You also do not enter the reimbursement. You just enter the actual expense.

VolvoGirlAnswer

Employee

If you are self employed and file schedule C it doesn't matter which account an expense is paid from. You just enter the actual expenses paid. You also do not enter the reimbursement. You just enter the actual expense.