Sch C Other Expenses Negative Entry

Forum|Forum|3 years ago
March 27, 2023
1 reply
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I have a negative entry on my other expenses of my sch c. I tried to find in my quickbooks and the other expenses entry on the program but can't find where the number is coming from. Its categorized as "Transaction/Processing fees"

TurboTax Self Employed Online

ShirlynW

Clarify please. Was the entry imported from QuickBooks? What kind of business is it?

@ConnerJM

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ConnerJMAuthor

I dont know if it is an entry from quickbooks or not. That is what I am trying to figure out. This figure isnt showing up in my entries in turbo tax. I have an appliance repair business.

@ShirlynW

AliciaP1

Usually "Transaction/Processing fees" would be the fees you pay for utilizing a merchant processing service (credit card charges) such as Square or PayPal. You may want to categorize them as Bank Fees or Miscellaneous Expenses.

@ConnerJM

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