“Did you enter your total revenue ...before factoring...returns, discounts or allowances? Enter the amount ...”
-->Is this asking for costs of operating a business?
“Did you enter your total revenue ...before factoring...returns, discounts or allowances? Enter the amount ...”
-->Is this asking for costs of operating a business?
In this section:
“Returns, allowances, and discounts Did you enter your total revenue above before factoring any returns, discounts or allowances? Enter the amount for those deductions.”
---> Is this asking for the costs of operating my business? How can I know what the deductions or returns are until the whole return is done?
I have entered total revenue, but this is not the net - I had costs. Do those get entered later?
“Did you enter your total revenue ...before factoring...returns, discounts or allowances? Enter the amount ...”
-->Is this asking for costs of operating a business?
Your operating costs or expenses are not entered in this section. Only enter here any "Returns, allowances, and discounts" which have been made.
Your operating costs will be entered later in the Expense Section.
Tip* Did you know that along with a full review of your return when you're finished, TurboTax Live Assist & Review users can contact an expert for assistance while preparing the return?
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