how to excludable income reported on W2 under IRS Code Section 131 per Notice 2014-7:

Forum|Forum|2 years ago
March 27, 2024
3 replies
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How do I exclude the income in Proseries 2023?

ProSeries Professional

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Accountant-Man

Level 13

Personally, I have no idea about either Sec. 131 nor Notice 2014-7. I have only worked in tax for 41 years, so I don't remember EVERYTHING.

It would be very helpful for those of us who are NOT Codeheads that you give us a clue in your post. Just so we don't have to go look it up.

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M

MellwAuthor

Level 2

Hi Sorry about that.

I have a client who takes care of her mother and receives payments thru state Medicaid Home program on a W2 form with just the income reflected and no taxes taken out because the income itself is exempt from taxes. In Proseries I can't figure out how exempt the amount from the taxable income.

abctax55

Level 15

Simply entering 2014-7 in the search bar get you the following:

https://accountants.intuit.com/support/en-us/help-search?advanced=false&allow_punctuation=false&filter=location&location=forum-board%3A203&q=2014-7&uid=luag3u0h

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