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dgkuss
New Member

how do you claim losap 1099-misc it is a retirement from volunterr fire department

 
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PatriciaV
Expert Alumni

how do you claim losap 1099-misc it is a retirement from volunterr fire department

Please share what state you are filing so that someone can point you in the right direction.

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how do you claim losap 1099-misc it is a retirement from volunterr fire department

Hi.  LOSAP is taxable for federal income tax purposes and should be reported as Misc Other Income.  It is not taxable for New York State and should be reported on the NYS tax return under subtractions from Federal Income.  There is a line item specifically for Losap.  However, this is not the case if you received one lump sum payment for your Losap.

 

I hope this helped. 

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