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Get your taxes done using TurboTax
I feel as though I should be reporting the $500 I received in 2024 on the 2024 return, however it seems it would be easier to do as you suggested. If I were to report the 2024 money on the 2024 return is there any way to indicate that on the 25 return? Just questioning as I don't know that much about complicated returns. (ie, report as income in 24 but indicate that taxes were already paid on that portion on the 25 return?)
March 3, 2025
7:15 AM