I received a sign-on bonus in December 2016; I left the Company in October 2017. I had to payback a prorated amount of the sign-on bonus, gross. Since I paid taxes on the amount I paid back, how do I deduct that from my taxable income on my 2017 tax return?
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If not reflected in your W-2, the amount is so small that you probably can't get anything for it. Repayments of less than $3000 are a miscellaneous itemized deduction subject to the 2% rule. You would only get a deduction if your income is less than $50,000, and you itemize your tax deductions. Go to the bottom of the Deductions and Credits tab and run the interview for "other uncommon deductions." Turbotax will include it if it can.
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