Pay Back of Unemployment Income?

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  • zeros
    Senior Member
    • Dec 2006
    • 921
    #1

    Pay Back of Unemployment Income?

    Taxpayer received unemployment compensation in 2010 and then was ruled ineligible to receive it and must pay it back in 2011. Can I assume that it would a payback for 2011 and report it as a deduction of unemployment income in 2011?
    Tags: None
    • S T
      Senior Member
      • Jun 2005
      • 5053
      #2
      Repayment

      See TTB page 3-21 on how to handle repayment in a later year.

      Sandy

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