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February 24, 2024
Question

I received back pay in the 2023 tax year. My pay increased but I did not receive the payment until 2023. How do I report the lump sum payment on my 2023 tax return?

  • February 24, 2024
  • 1 reply
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    1 reply

    TurboTaxSusan
    February 24, 2024

    Are you using TurboTax CD/Download or TurboTax Online? Did you receive a slip for this lump sum?

    pd180Author
    February 25, 2024

    I'm using the online version. And no slip but it has it accounted for in box 40 on my T4.

    TurboTaxSusan
    February 25, 2024

    If it's already on your t-slip then there's no need to enter it anywhere else.