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Removing income on Amended Return
I need to amend a few returns because of the passage of HR 5863 - Federal Disaster Tax Relief Act of 2023. The legal award I claimed as income is now retroactively tax exempt. Do I simply delete the amount I entered into the misc income data field in the addition column, or do I enter an identical amount in the data field in the subtraction column so the two amounts off set.
‎February 17, 2025
5:31 PM