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Received severance payments but didn't work in 2024.

Was laid off in late 2023 and kept receiving severance payments in Jan 2024. Should I answer 'YES' for the "Did you still work at ABC?" in TurboTax?

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1 Reply
ThomasM125
Expert Alumni

Received severance payments but didn't work in 2024.

Yes, you should say you worked there in 2024 as that will prompt TurboTax to have you complete the associated W-2 form entries for the income you received in 2024. 

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