topic Re: Yes, report relocation assistance money on your tax retur... in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-yes-report-relocation-assistance-money-on-your-tax-retur/01/1620400#M155034 <P><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">You can enter the information from your 1099-MISC for relocation assistance in the federal section of the program.</SPAN></SPAN></SPAN></P> <OL> <LI><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Select&nbsp;<STRONG>Income &amp; Expenses</STRONG></SPAN></SPAN></SPAN></LI> <LI><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Scroll down to&nbsp;<STRONG>All Income</STRONG></SPAN></SPAN></SPAN></LI> <LI><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Select&nbsp;<STRONG>Less Common Income</STRONG></SPAN></SPAN></SPAN></LI> <LI><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Select&nbsp;<STRONG>Miscellaneous Income, 1099-A, 1099-C</STRONG></SPAN></SPAN></SPAN></LI> <LI><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Select&nbsp;<STRONG>Other Reportable Income</STRONG></SPAN></SPAN></SPAN></LI> <LI><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Proceed to enter your information</SPAN></SPAN></SPAN></LI> </OL> <P><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">You will not be able to offset your relocation expenses as this deduction was removed as a tax deduction with the Tax Reform Act.</SPAN></SPAN></SPAN></P> Wed, 03 Jun 2020 20:48:32 GMT JotikaT2 2020-06-03T20:48:32Z Do I need to report relocation assistance money on my taxes? I turned my home over to the bank as a deed in lieu of foreclosure and received relocation assistance. https://ttlc.intuit.com/community/tax-credits-deductions/discussion/do-i-need-to-report-relocation-assistance-money-on-my-taxes-i-turned-my-home-over-to-the-bank-as-a/01/383952#M48286 Tue, 04 Jun 2019 18:41:00 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/do-i-need-to-report-relocation-assistance-money-on-my-taxes-i-turned-my-home-over-to-the-bank-as-a/01/383952#M48286 whitneyaprickett 2019-06-04T18:41:00Z Yes, report relocation assistance money on your tax retur... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-report-relocation-assistance-money-on-your-tax-retur/01/383955#M48287 <P>Yes, report relocation assistance money on your tax return (it is taxable). You may receive a 1099-MISC form for this payment. Either way, enter the income received as Other Income on line 21 of your 1040.&nbsp;</P><P>In TurbTax under Income and expenses, select Miscellaneous Income, then Other Reportable Income. Type in the description and amount. Item will then flow to line 21 on your 1040.</P> Tue, 04 Jun 2019 18:41:02 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-report-relocation-assistance-money-on-your-tax-retur/01/383955#M48287 PaulaM 2019-06-04T18:41:02Z Re: Yes, report relocation assistance money on your tax retur... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-yes-report-relocation-assistance-money-on-your-tax-retur/01/1607126#M154369 <P>How do you show relocation assistance from a 1099 misc on your 2019 tax return? Can you offset this income with expenses you incurred to relocate?</P> Tue, 26 May 2020 01:54:54 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-yes-report-relocation-assistance-money-on-your-tax-retur/01/1607126#M154369 BWhite217 2020-05-26T01:54:54Z Re: Yes, report relocation assistance money on your tax retur... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-yes-report-relocation-assistance-money-on-your-tax-retur/01/1620400#M155034 <P><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">You can enter the information from your 1099-MISC for relocation assistance in the federal section of the program.</SPAN></SPAN></SPAN></P> <OL> <LI><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Select&nbsp;<STRONG>Income &amp; Expenses</STRONG></SPAN></SPAN></SPAN></LI> <LI><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Scroll down to&nbsp;<STRONG>All Income</STRONG></SPAN></SPAN></SPAN></LI> <LI><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Select&nbsp;<STRONG>Less Common Income</STRONG></SPAN></SPAN></SPAN></LI> <LI><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Select&nbsp;<STRONG>Miscellaneous Income, 1099-A, 1099-C</STRONG></SPAN></SPAN></SPAN></LI> <LI><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Select&nbsp;<STRONG>Other Reportable Income</STRONG></SPAN></SPAN></SPAN></LI> <LI><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Proceed to enter your information</SPAN></SPAN></SPAN></LI> </OL> <P><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">You will not be able to offset your relocation expenses as this deduction was removed as a tax deduction with the Tax Reform Act.</SPAN></SPAN></SPAN></P> Wed, 03 Jun 2020 20:48:32 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-yes-report-relocation-assistance-money-on-your-tax-retur/01/1620400#M155034 JotikaT2 2020-06-03T20:48:32Z
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topic Re: Yes, report relocation assistance money on your tax retur... in Deductions & credits
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-yes-report-relocation-assistance-money-on-your-tax-retur/01/1620400#M155034
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<P><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">You can enter the information from your 1099-MISC for relocation assistance in the federal section of the program.</SPAN></SPAN></SPAN></P> <OL> <LI><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Select&nbsp;<STRONG>Income &amp; Expenses</STRONG></SPAN></SPAN></SPAN></LI> <LI><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Scroll down to&nbsp;<STRONG>All Income</STRONG></SPAN></SPAN></SPAN></LI> <LI><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Select&nbsp;<STRONG>Less Common Income</STRONG></SPAN></SPAN></SPAN></LI> <LI><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Select&nbsp;<STRONG>Miscellaneous Income, 1099-A, 1099-C</STRONG></SPAN></SPAN></SPAN></LI> <LI><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Select&nbsp;<STRONG>Other Reportable Income</STRONG></SPAN></SPAN></SPAN></LI> <LI><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Proceed to enter your information</SPAN></SPAN></SPAN></LI> </OL> <P><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">You will not be able to offset your relocation expenses as this deduction was removed as a tax deduction with the Tax Reform Act.</SPAN></SPAN></SPAN></P>
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Do I need to report relocation assistance money on my taxes? I turned my home over to the bank as a deed in lieu of foreclosure and received relocation assistance.
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/do-i-need-to-report-relocation-assistance-money-on-my-taxes-i-turned-my-home-over-to-the-bank-as-a/01/383952#M48286
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Yes, report relocation assistance money on your tax retur...
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<P>Yes, report relocation assistance money on your tax return (it is taxable). You may receive a 1099-MISC form for this payment. Either way, enter the income received as Other Income on line 21 of your 1040.&nbsp;</P><P>In TurbTax under Income and expenses, select Miscellaneous Income, then Other Reportable Income. Type in the description and amount. Item will then flow to line 21 on your 1040.</P>
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Re: Yes, report relocation assistance money on your tax retur...
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-yes-report-relocation-assistance-money-on-your-tax-retur/01/1607126#M154369
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<P>How do you show relocation assistance from a 1099 misc on your 2019 tax return? Can you offset this income with expenses you incurred to relocate?</P>
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Re: Yes, report relocation assistance money on your tax retur...
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-yes-report-relocation-assistance-money-on-your-tax-retur/01/1620400#M155034
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<P><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">You can enter the information from your 1099-MISC for relocation assistance in the federal section of the program.</SPAN></SPAN></SPAN></P> <OL> <LI><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Select&nbsp;<STRONG>Income &amp; Expenses</STRONG></SPAN></SPAN></SPAN></LI> <LI><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Scroll down to&nbsp;<STRONG>All Income</STRONG></SPAN></SPAN></SPAN></LI> <LI><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Select&nbsp;<STRONG>Less Common Income</STRONG></SPAN></SPAN></SPAN></LI> <LI><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Select&nbsp;<STRONG>Miscellaneous Income, 1099-A, 1099-C</STRONG></SPAN></SPAN></SPAN></LI> <LI><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Select&nbsp;<STRONG>Other Reportable Income</STRONG></SPAN></SPAN></SPAN></LI> <LI><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Proceed to enter your information</SPAN></SPAN></SPAN></LI> </OL> <P><SPAN style="color:null"><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">You will not be able to offset your relocation expenses as this deduction was removed as a tax deduction with the Tax Reform Act.</SPAN></SPAN></SPAN></P>
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