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Get your taxes done using TurboTax
Yes, enter both forms as they are reported. The W-2 represents payment for back wages.
The 1099-MISC probably contains taxable income from proceeds that were punitive in some form.
When entering the 1099-MISC, indicate that the form was received from a lawsuit and the amount (if any) that represent back wages. You won't be taxed twice on the wages.
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‎February 9, 2024
10:09 AM
2,540 Views