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inrianto
New Member

If I received a sign-on bonus from company A, but I left the company before the agreed time causing me to repay the bonus. How do I report this to my tax ?

 
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1 Reply
MinhT1
Expert Alumni

If I received a sign-on bonus from company A, but I left the company before the agreed time causing me to repay the bonus. How do I report this to my tax ?

This is a claim of right repayment. You can only report it in the year you actually repaid the claim.

 

If your repayment is less than $3,000, you'll claim it as a Miscellaneous itemized deduction in Schedule A.

 

If the repayment is more than $3,000, please read this TurboTax Help topic on how to make the claim.

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