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April 13, 2025
Question

On an s corp, where do we put the maintenance and fuel cost if a reimbursement was also paid

  • April 13, 2025
  • 1 reply
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    1 reply

    Employee
    April 14, 2025

    You have two choices:

     

    1. Enter reimbursement as other income and deduct the expense as maintenance, etc. expense. 

    2. Use the same expense account to report reimbursement received and the expense incurred (basically, having a wash). 

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