Timeline for What are the tax implications of paying back taxable relocation?
Current License: CC BY-SA 4.0
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| Aug 7, 2020 at 20:54 | answer | added | Joe | timeline score: 2 | |
| Aug 7, 2020 at 20:33 | comment | added | chepner | You initially receive $48,000 in taxable income that will be reported on your 2020 tax return. I believe you can ignore any amounts you pay back before the end of 2020, as if you had never received it. If you pay back any amount in 2021, you may be able to file amended 2020 returns to reflect how much of the benefit you actually kept, or report "negative" income on your 2021 return. | |
| Aug 7, 2020 at 19:13 | history | edited | enderland | CC BY-SA 4.0 |
added 25 characters in body
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| Aug 7, 2020 at 15:25 | history | asked | enderland | CC BY-SA 4.0 |