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Anonymous
Not applicable

Reporting income

employer corrected a miscalculation in paycheck  by paying the difference in cash, but they did not include the cash amount on W2 and they said they couldn't correct it. 

How can this cash amount be reported? as other income or schedule C? 

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1 Best answer

Accepted Solutions
DavidD66
Expert Alumni

Reporting income

I would report as "Other Income".  To do so, while logged in to your return:

  • Click on Federal
  • Click on Income & Expenses
  • Scroll to the bottom of the "Your income and expenses" page, and click on "Less Common Income
  • Click on "Show more"
  • At the bottom of the page, next to "Miscellaneous Income..." click on Start/Revisit
  • Select Other income not already reported on a Form W-2 or Form 1099
  • Answer "Yes" to "Did you receive any other wages?
  • Click "Continue" until you get to the page with "Any Other Earned Income" Indicate "Yes"
  • Indicate source of other earned income as "Employee compensation that was not reported on a W-2"
  • Continue and the program will guide you through entering you wages paid with cash.
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5 Replies
DavidD66
Expert Alumni

Reporting income

I would report as "Other Income".  To do so, while logged in to your return:

  • Click on Federal
  • Click on Income & Expenses
  • Scroll to the bottom of the "Your income and expenses" page, and click on "Less Common Income
  • Click on "Show more"
  • At the bottom of the page, next to "Miscellaneous Income..." click on Start/Revisit
  • Select Other income not already reported on a Form W-2 or Form 1099
  • Answer "Yes" to "Did you receive any other wages?
  • Click "Continue" until you get to the page with "Any Other Earned Income" Indicate "Yes"
  • Indicate source of other earned income as "Employee compensation that was not reported on a W-2"
  • Continue and the program will guide you through entering you wages paid with cash.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Anonymous
Not applicable

Reporting income

@DavidD66

So the cash was not reported on any forms.  not on w2 and not on 1099

Which reason code should be selected?

and is there a need to send  SS-8 form for this situation?

 

SantinoD
Expert Alumni

Reporting income

Indicate source of other earned income as "Employee compensation that was not reported on a W-2"

 

It sounds like you are already an employee, so no reason to file Form SS-8. This form is for independent contractors that have determined that they should be an employee and not independent contractor. 

 

@Anonymous 

Reporting income

I have other reportable miscellaneous income that is not wage income    I used to be able to enter it as misc inxome

not reported elsewhere but the 2023

TurboTax does not seem to have a place for that   Where do I put it ?

DawnC
Employee Tax Expert

Reporting income

You can find Other Reportable Income in the Wages & Income section.   You may need to click on Add More Income Types.   

 

  1. Scroll to the Less Common Income section.   
  2. Click Start next to Miscellaneous Income, 1099-A, 1099-C, (it is the last item) then
  3. The last option will be Other Reportable Income 

 

@bflosoldier19 

 

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