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- Taxpayer received a 1099-SSA ,box 5 includes 110K for "workers compensation offset". any place in the software to reduce the box 5 total. seems to be taxable.
Taxpayer received a 1099-SSA ,box 5 includes 110K for "workers compensation offset". any place in the software to reduce the box 5 total. seems to be taxable.
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dvinegrad
Level 3
05-26-2022
12:06 AM
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taxpayer received a 1099-SSA ,box 5 includes 110K for "workers compensation offset". any place in the software to reduce the box 5 total. appears to be taxable from what I can determine.
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George4Tacks
Level 15
05-26-2022
08:39 AM
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You need to determine the amount paid for each year, then you can research treatment of a lump sum payment. https://www.irs.gov/publications/p915#en_US_2020_publink100097893
Here's wishing you many Happy Returns
