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Level 3
May 26, 2022
Question

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.

  • May 26, 2022
  • 1 reply
  • 7 views
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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1 reply

George4Tacks
Level 15
May 26, 2022

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

 

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