topic I.R.C 1341 -Repayment of singing bonus in Get your taxes done using TurboTax

I.R.C 1341 -Repayment of singing bonus

wu-i-chen — Sat, 01 Jun 2019 02:59:02 GMT

Hi, I received after tax signing bonus of $6,600 in 2015 and need to pay back before tax signing bonus of $10,000 in 2016. I looked on line with 2 approaches I can do and I am not sure how to do it for the Credit method.

1. Credit under I.R.C 1341 -Repayment of singing bonus. This one I am not sure where I should enter in the turbo tax.
Can you please help.

Thank you.

The 2 approaches I saw:
https://ttlc.intuit.com/questions/2613585-i-was-paid-a-signing-bonus-in-2014-and-repaid-it-in-2015-how-does-this-effect-my-2014-tax-year

If you choose a credit , this can only be done in the For...

IsabellaG — Sat, 01 Jun 2019 02:59:05 GMT

If you choose a credit , this can only be done in the Forms mode of the Desktop version of TurboTax. You can't do this in TurboTax Online.

See this answer:

https://ttlc.intuit.com/replies/5659812

Re: I.R.C 1341 -Repayment of singing bonus

Mike9241 — Tue, 16 Jul 2024 08:21:12 GMT

old thread

Re: I.R.C 1341 -Repayment of singing bonus

Opus 17 — Thu, 25 Jul 2024 21:52:42 GMT

@Mike9241 ,

I would classify that post as link spam. Champs have the ability to move those posts into the lounge where they aren't public, and the mods can delete them. (If the moderator disagrees, they can move them back.)