Amethyst
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Dec 21, 2008
- Messages
- 12,668
We had far less investment income last year, but paid lots of estimated tax, so we are due a "refund" which will be applied to our April and June 2009 estimated tax payments. I am not sure how to categorize this situation on my spreadsheets.
This year's estimated taxes are definitely expenses, but the tax refund isn't income -- it's our own $$, come back to us for a little while just to say "Hello! And bye-bye!"
How do others handle this in your record-keeping?
Amethyst
This year's estimated taxes are definitely expenses, but the tax refund isn't income -- it's our own $$, come back to us for a little while just to say "Hello! And bye-bye!"
How do others handle this in your record-keeping?
Amethyst