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How do I record a non-taxable income?
dnov
Member Posts: 3
Let's say I got a $100 refund for something I already paid, how do I record that transaction so it's not added to my annual income?
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dnov
Member Posts: 3
Let's say I got a $100 refund for something I already paid, how do I record that transaction so it's not added to my annual income?
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@dnov,
If you returned an item and received a credit (refund), you would categorize the deposit as a refund of an expense then select the expense it should reduce.