You'll need to sign in or create an account to connect with an expert.
No. The IRS does not like netting and rightly so in this case; lack of payroll tax (FICA).
You need to reflect both amounts just as the transactions happened.
No. The IRS does not like netting and rightly so in this case; lack of payroll tax (FICA).
You need to reflect both amounts just as the transactions happened.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
starkyfubbs
Level 4
iamdistrict711
New Member
theleeb
Level 2
TaxPayer1842
New Member
jamessutherland1
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.