EXCLUDABLE COMPENSATION

Forum|Forum|1 year ago
March 3, 2025
4 replies
21 views

WHERE ON PROSERIES CAN I DEDUCT CHICAGO POLICE INJURY EXCLUDABLE COMPENSATION PER IRS TAM TR 32-153-91?

ProSeries Professional

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T

Terry53029

Intuit Community Champion

What form is the compensation reported on ?

G

garman22

Intuit Community Champion

I cannot find that TAM anywhere.

qbteachmt

Level 15

It's apparently supposed to be treated the same as worker comp. It also seems Chicago isn't issuing their W2 correctly for years.

I see where it is being entered as Other Income on Schedule 1:

For description enter "per TR 32-153-91" Enter the amount of the income with a minus sign (-) in front of it.

That's per Intuit, for TurboTax, by the way.

Don't yell at us; we're volunteers

BobKamman

Level 15

I answered the same question here, four years ago. Except I should have written "I'm guessing that its public-safety workers are NOT covered by Social Security,"

https://accountants.intuit.com/community/proseries-tax-discussions/discussion/excludable-compensation-from-w-2-wages/00/139485

In any case, the only taxpayer who can rely on a Technical Advice Memorandum is the one who asked for it. It doesn't appear that you even have the correct reference number for it, so good luck.

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