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Deductions & credits
Thanks for the quick response @BillM223
If I enter $5000 as the forfeited amount should I update income to add the $5000 (which is reported in box 10 of the W2) ? It looks like IRS doesn't require the forfeited funds to be added back to the income.
I hope its not required. In that case I can get the max Child and Dependent Care credit. It would be $1200 for me since I have two kids (20% of $6000).
‎July 13, 2020
6:38 PM