Client was finally awarded Social Security disability in Dec, 2009 and received a lump sum payment for about $40,000. $27,000 was returned to his employer for benefit plan advances from prior years.
I haven't had one of these since my HRB days many years ago.
Would I place a negative $27000 on line 21? I'm uneasy with this since the money is included on line 20 for social security benefits. There is only a $500 difference between deducting the $$$ and doing nothing. Clients are living on a very modest income and I want this done right.
Any help would be greatly appreciated.
Cheryl
I haven't had one of these since my HRB days many years ago.
Would I place a negative $27000 on line 21? I'm uneasy with this since the money is included on line 20 for social security benefits. There is only a $500 difference between deducting the $$$ and doing nothing. Clients are living on a very modest income and I want this done right.
Any help would be greatly appreciated.
Cheryl
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