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Retirement tax questions
No.You say that you were actually paid this money in 2016. If you are a cash basis taxpayer, and almost everyone is, you report your income in the year that you actually receive the money regardless of when you earned it, and you deduct your expenses in the year that you actually pay them.
This means that if you reported this income in 2015, you did it wrong. You should have waited and reported the income in 2016. You need to amend your 2015 tax return to remove the income incorrectly reported in that year, and report all the income received in 2016.
See the following FAQ for instructions on how to amend your 2015 return.
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‎June 4, 2019
9:07 PM