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whats going on alex here and today im answering your tax questions from reddit and todays question has to do with the treatment of a business expense for which you later get a refund how do you handle that lets take a look all right so this question comes from will anderson 419 and goes as follows purchased item written off as business expense then refunded so i own an llc and im looking to purchase various pieces of electronic equipment over the next few months im planning on investing all my companys revenue this year back into business expenses so my profit would effectively be zero lets say i purchased a macbook pro on april 10th and file it as a business expense i would then deduct that from my income profit for the year per usual then lets say i filed my taxes on april 15th but decided to return the macbook pro on april 20th would the refund count as income for the next year how would i mark that for tax purposes with regard to the purchase of a macbook pro the first que