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If i received sick pay do i report this as extra income or is it already included in my wages in box 1

 
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2 Replies
Carl
Level 15

If i received sick pay do i report this as extra income or is it already included in my wages in box 1

It is generally already included in box 1 of the W-2, unless you received some type of separate tax reporting document for the sick pay.

If it's not taxable, then the amount of non-taxable sick pay would be in box 12 with a code J and that amount would not be included in box 1.

If i received sick pay do i report this as extra income or is it already included in my wages in box 1

I don't have W-2 for that partnership.

The only tax doc they give me is the Schedule K-1 (Form 1065).

I just wanted to know if i will have to pay the taxes again on the partnership income when I redeem the shares?

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