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1040 Income Tax Return recording?

CyrenaJoCyrenaJo Member Posts: 9

On the Personal side of things, how do I record my income tax return (form 1040)? Seems simple enough but I don't know where to put it and everything I find on here is referring to business entities instead of personal.

in Accounting Technical Support

Comments

  • KristenVKristenV Member Posts: 121 admin

    Hi @CyrenaJo , if you'd like to record your personal income tax return in your Personal profile through Wave, you are able to do so on your Accounting > Transactions page. There you can record an income transaction for your income tax return amount.

  • CyrenaJoCyrenaJo Member Posts: 9

    Yes, but what category would this go under? It's not regular income...

  • KiahDKiahD Administrator Posts: 267 admin

    Hey @CyrenaJo, whilst I would love to advise on the category here, I would recommend reaching out to a registered CPA for advice.

    Here on the Wave Support Team, we can advise you on how to do things in Wave, but we're not trained accountants, so I wouldn't want to give you incorrect advice! That said, this community thread may have the answer that you're looking for!

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