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In 2008, I recvd severance of $160k. My employer went bankrupt and the court sued me for $160k. In 2019 I repaid $16k. Can I deduct the $16k on Schedule A line 21.
t53summers
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In 2008, I recvd severance of $160k. My employer went bankrupt and the court sued me for $160k. In 2019 I repaid $16k. Can I deduct the $16k on Schedule A line 21.
IMO, this is "contra-income" or an income reversal.
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TurboTax Deluxe Online
‎December 13, 2019
2:09 PM
