You'll need to sign in or create an account to connect with an expert.
You should not need to report the lost wages since they were a worker's compensation settlement.
Workers' compensation benefits are not normally considered taxable income on your federal or state return. There is an exception when you receive both workers’ compensation and Social Security (or Railroad Retirement) benefits and part of your workers' compensation reduces your Social Security, that part may be taxable.
As far as your other income, you would need to claim all income and the expenses incurred for that "self-employed income".
You can review how to enter that business income and those expenses in the section and instructions included in the FAQ below:
You should not need to report the lost wages since they were a worker's compensation settlement.
Workers' compensation benefits are not normally considered taxable income on your federal or state return. There is an exception when you receive both workers’ compensation and Social Security (or Railroad Retirement) benefits and part of your workers' compensation reduces your Social Security, that part may be taxable.
As far as your other income, you would need to claim all income and the expenses incurred for that "self-employed income".
You can review how to enter that business income and those expenses in the section and instructions included in the FAQ below:
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
del4570
New Member
mc135
New Member
dinikobates
New Member
LCM4
Returning Member
benrkess@yahoo.c
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.