Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Is repayment of prior year's wage subject to 2% misc deduction limit?

hgtc
Level 4

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"?

Labels (1)
0 Cheers
1 Solution

Accepted Solutions
abctax55
Level 15

Research 'claim of right'.

Former Chump..umm... AllStar...This message was typed from 6 feet away so you can safely read it immediately.

If a post answers your question, click on *Accept as solution* for future searches

View solution in original post

1 Reply 1
abctax55
Level 15

Research 'claim of right'.

Former Chump..umm... AllStar...This message was typed from 6 feet away so you can safely read it immediately.

If a post answers your question, click on *Accept as solution* for future searches

View solution in original post