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12-05-2019
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Follow these steps to report qualified Medicaid waiver payments excludable under IRS Code Section 131 per Notice 2014-7:
- Go to the Input Return tab.
- On the left-side menu, select Income.
- Select Wages, Salaries, Tips (W-2).
- Enter all information as reported on the W-2.
- On the left-side menu, select SS Benefits, Alimony, Misc. Income.
- Enter the excludable amount as a positive number in the Medicaid waiver payments to care provider field.
The amount you enter will print as a negative number on Form 1040 other income, with a description of Notice 2014-7.
Related topics
IRS Notice 2014-7
Certain Medicaid Waiver Payments May Be Excludable From Income
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