You'll need to sign in or create an account to connect with an expert.
In TurboTax (TT), enter at:
- Federal Taxes tab
- Wages & Income
- “I’ll choose what I work on” Button
Scroll down to:
-Less Common Income
-Misc Income, 1099-A, 1099-C
On the next screen choose other reportable income (at the bottom)
For description enter “Notice 2014-7” . Enter the amount with a minus sign (-) in front of it
Reference: https://www.irs.gov/Individuals/Certain-Medicaid-Waiver-Payments-May-Be-Excludable-From-Income
If TT tries to give you the Earned Income Credit (EIC) , based on that income, see this TT FAQ https://ttlc.intuit.com/questions/2635384
In TurboTax (TT), enter at:
- Federal Taxes tab
- Wages & Income
- “I’ll choose what I work on” Button
Scroll down to:
-Less Common Income
-Misc Income, 1099-A, 1099-C
On the next screen choose other reportable income (at the bottom)
For description enter “Notice 2014-7” . Enter the amount with a minus sign (-) in front of it
Reference: https://www.irs.gov/Individuals/Certain-Medicaid-Waiver-Payments-May-Be-Excludable-From-Income
If TT tries to give you the Earned Income Credit (EIC) , based on that income, see this TT FAQ https://ttlc.intuit.com/questions/2635384
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
mary78
New Member
Nate402
Level 3
lada_905
New Member
Nance5
Level 1
kmy_
New Member