turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
ee-ea
Level 15

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 15

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.

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

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies