Question : i was given a 13,500 relocation with taxes withheld and includes in my 2018 income. it was based on remaining 24 months. i left early. the company prorated it and came up with 8,437.50 owed. they took my pto which came out to 5,819.35 which left a balance od 4,305.16<br/>JA: Which tax year is this for?<br/>Customer: 2018 my question is can i amend my tax return for 2018 and lower income to show i paid back 5,819.35? i paid back some of what they gave me initially and was included in my total income.<br/>JA: Anything else you want the Accountant to know before I connect you?<br/>Customer: n0
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Answer : Unfortunately, the answer is no. The income is based on what is paid. If they simply reduced your bank, then this would not affect your W2. The only way it would affect your W2 is if they paid out your PTO at the end of the year, as you would have less PTO reported on your W2. Please let me know if you have any follow up questions on this. Thanks!
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