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On January 27th, Intuit opens for individual e-filing. Select your product for more trending topics. Lacerte | ProConnect | ProSeries
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- How to deal with the business credit card cash reward on business tax return?
How to deal with the business credit card cash reward on business tax return?
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workhard2022
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yesterday
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Hello,
I have an LLC and I filed form 1120-S for it. I received a $1,000 cash reward from my business Bank of America card this year. Not sure what's the best way to handle this $1,000 cash reward on form 1120-S. Can I not enter this $1000 cash reward on form 1120S? or Is it better to count it into "other income" which makes it taxable?
Thank you for sharing your wisdom!
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