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Level 3
March 29, 2020
Solved

Repayment of Relocation Payment included in W-2 income.

  • March 29, 2020
  • 1 reply
  • 6 views

Taxpayer received a lump sum payment to relocate.  This lump sum payment was included on his 2018 W-2 as taxable income.  In 2019 he had to repay part of it to his employer.  The repayment amount was over $6,000.  Is there anyway that this repayment can be deducted or adjusted?  Has it or should it have been adjusted on his 2019 W-2.

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Best answer by sjrcpa

Research repayment under claim of right.

1 reply

sjrcpa
sjrcpaAnswer
Level 15
March 29, 2020

Research repayment under claim of right.

The more I know the more I don’t know.