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Level 2
posted Jan 27, 2025 4:58:52 PM

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 Replies
Expert Alumni
Jan 27, 2025 5:03:08 PM

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.