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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
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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
Answers are easy. Questions are hard!
