My wife is a Medical Professional; she, along with the rest of the Management staff, are being required to take a 10% pay cut during the COVID event. I know this will not impact the 2019 tax year, I am curious if this loss can be detected next year.
You'll need to sign in or create an account to connect with an expert.
The loss of income would not be deductible. However, there will be less income to report for 2020.
That is what I thought as well. Thanks for replying.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
obeteta
New Member
osgood53
New Member
mosm
New Member
Waterman_23
New Member
jl_brooks
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.