03-02-2004, 05:07 AM
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 Re: Repayment of Leave Benefits Tom Marchessault wrote: - quote - > My wife retired in 2002.
Assuming it was declared as income in 2002, see IRS Pub 525> In 2003, her employer said she had taken too much annual or > sick leave and that she needed to repay them for that leave. > She paid them back about $3000. > How do I account for that on our tax return? starting on page 30 in the middle column where it says "Repayment - Over $3000. She can take a deduction if she itemizes or she can compute a credit: her choice. http://www.irs.gov/publications/index.html -- Alan http://taxtopics.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
03-01-2004, 06:46 PM
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| Repayment of Leave Benefits My wife retired in 2002. In 2003, her employer said she had taken too much annual or sick leave and that she needed to repay them for that leave. She paid them back about $3000. How do I account for that on our tax return? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| benefits, leave, repayment |
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