Can not see anything in TTB. Client in 2005 had an after tax deduction of $18649.82 from his salary. Explanation is in insurance their bonus for the previous year was calculated assuming no cancelations in year two. The large insurance company attached a note to his W-2(23005) stating - Please be advised that your 2004 overpayment in the amount of $18649.82 was recovered in 2005. You may be entitled to claim this repayment within the current year using form 1040. In 2005 can I have the offset as a negative on line 21 or is it a Misscellaneous itemized, because it was in income in the previous year.
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