hgtc
Level 5
03-25-2021
02:48 PM
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client returned $14,000 sign-in bonus that was included in 2019 W-2 to employer in 2020 when he left the company.
they want to claim this repayment in 2020 itemized deduction. Is this deduction subject to 2% limit? Or, it is under "other deduction"?
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abctax55
Level 15
03-25-2021
03:11 PM
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Research 'claim of right'.
"*******Tax software is no substitute for a professional tax preparer*******
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