How do I file money received from cash separation indemnity plan?

pikako · ‎May 11, 2021

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

ee-ea · ‎May 12, 2021

If you got the money in 2021 it will go onto the 2021 tax return.

View solution in original post

pikako · ‎May 14, 2021

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

How do I file money received from cash separation indemnity plan?

After you file

After you file