fesemagu
Level 3
03-22-2020
07:42 PM
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I am preparing a tax return for a tax payer whose w2 wages is more than $100,000.
She also received a Medicaid payment waiver for about $16,000. How do I exclude the medical waiver payment from taxpayer income since this will increase the tax liability.
Best Answer Click here
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Just-Lisa-Now-
Level 15
03-22-2020
09:22 PM
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Other Income line, as a negative Excludable wages per IRS Notice 2014-7
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fesemagu
Level 3
03-23-2020
09:53 AM
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Thank you.
fesemagu
Level 3
03-24-2020
11:25 PM
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Thanks