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pikako
Level 1

How do I file money received from cash separation indemnity plan?

Hello, 

 

I quitted my job and received few months later money from cash/termination Indemnity plan of my ex-company. When I received the money, I already filed my tax for 2020. Do I need to amend my return? If so, how should I file it? 

 

Thank you very much for your help

1 Best answer

Accepted Solutions
ee-ea
Level 13

How do I file money received from cash separation indemnity plan?

If  you got the money in 2021 it  will go onto the 2021 tax return.

View solution in original post

2 Replies
ee-ea
Level 13

How do I file money received from cash separation indemnity plan?

If  you got the money in 2021 it  will go onto the 2021 tax return.

View solution in original post

pikako
Level 1

How do I file money received from cash separation indemnity plan?

Hello, 
 
 

 

Thank you for your reply and yes, it gave me a good hint.

 

I checked my W2 for 2020, and the indemnity was not included, but I got the money in late 2020. 

(receipt came in 2021)

So my guess is I should amend my 2020 tax and file the money. 

 

Thank you very much

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