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Investors & landlords
Sorry, my situation is different.
My prior employer already paid the gross up tax amount ~12K and is shown as the withholding tax on my W2.
If I only claim the repayment amount, TurboTax will refund part of the gross-up tax to me because the withholding tax is too high after excluding the repayment amount.
My question is: is it okay for me to keep the refund amount from the gross-up tax portion?
If not, how do I remove the gross-up tax portion in Turbotax?
thanks.
‎February 5, 2021
6:59 AM