Question

Received w-2c from prior employee for preveious year

Forum|Forum|6 years ago
March 3, 2020
2 replies
0 views

I changed jobs in 2019 and in doing so was forced to repay a portion of moving stipend/signing bonus. I received a w-2c from prior employee (railroad) and it updated my Tier 1 and Tier 2 wages and taxes. It told me to include this in my 2019 tax return rather than filing an amended 2017 return. I am not sure where to do this or, if because it is Railroad it will even affect my 2019 return.

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O

Opus 17

Employee

How much did you repay and when did you re-pay it?

L

linaj20201

Is the Form W-2C for 2017 or 2019? What is the year printed on the form? Please also clarify the amount and if you repay it in 2019?

@jalenkirk19

J

jalenkirk19Author

@linaj20201 The w-2C was from 2017, the amount repaid was around $1200 that was deducted from my last few paychecks with the company in 2019

O

Opus 17

Employee

I don't think you do anything. You have a 2019 W-2, then?

I don't know why railroad would be different, but in this case for a regular employee, the employer could adjust boxes 3-6 (social security and medicaid wages and tax) but could not adjust box 1 since that represents cash you actually received at the time. And since the amount is under $3000, there is no method to deduct the repayment in 2019.