Question

How do I report client reimbursements and not report it as income (see details)...

Forum|Forum|5 years ago
March 7, 2021
1 reply
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Client wanted me to take care of everything and then reimburse me for it on my invoice. I'm a 1099. I received one 1099 for 50k but only $2,500 of that was actual labor - in my pocket. The rest were hotel rooms, a private jet trip, 3,000 t shirts, rental equipment. I did NOT benefit from this at all - this was just me putting things on my credit card and billing them for it later. This is not a markup situation. Just dollar for dollar shop for a client and charge my time on top.

TurboTax Live Self Employed

KrisD15

Enter all those charges as expenses on your Schedule C.

"After signing into TurboTax, select "Take Me to My Return"
Type "Schedule C" in the search field at the top right hand of the screen.
Select "Jump To Schedule C" and you will be brought to the section of TurboTax where you can enter or have entered your business income and expense information."

Original answer

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