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jbeidel
New Member

Can the amount on the W2 form be adjusted, we repayed the Long Term Disability folks?

How do I apply a credit for money repaid? IRS Publication 525
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1 Reply
RobertB4444
Employee Tax Expert

Can the amount on the W2 form be adjusted, we repayed the Long Term Disability folks?

If the money that you repaid was taxed in a prior year then you can enter it as a deduction into TurboTax by making a miscellaneous income entry in a negative amount for the part that was repaid.  

 

If the money was not taxed in a prior year then you can't take a deduction for it.

 

@jbeidel 

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