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I.R.C 1341 -Repayment of singing bonus
Hi, I received after tax signing bonus of $6,600 in 2015 and need to pay back before tax signing bonus of $10,000 in 2016. I looked on line with 2 approaches I can do and I am not sure how to do it for the Credit method.
1. Credit under I.R.C 1341 -Repayment of singing bonus. This one I am not sure where I should enter in the turbo tax.
Can you please help.
Thank you.
The 2 approaches I saw:
https://ttlc.intuit.com/questions/2613585-i-was-paid-a-signing-bonus-in-2014-and-repaid-it-in-2015-h...
1. Credit under I.R.C 1341 -Repayment of singing bonus. This one I am not sure where I should enter in the turbo tax.
Can you please help.
Thank you.
The 2 approaches I saw:
https://ttlc.intuit.com/questions/2613585-i-was-paid-a-signing-bonus-in-2014-and-repaid-it-in-2015-h...
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May 31, 2019
7:59 PM