If one of my receipts was say, $1000, and my work covered $200, would I just change the receipt to $800 instead of $1000? Or is there a separate location I need to enter the $200 reimbursement?
The amount on the T4, if any, is just the medical premiums included as a taxable benefit. As to what you pay out of pocket, that is what you record as an expense. In your scenario, the cost is $1000, you are reimbursed $200, then yes, you record $800.
The amount on the T4, if any, is just the medical premiums included as a taxable benefit. As to what you pay out of pocket, that is what you record as an expense. In your scenario, the cost is $1000, you are reimbursed $200, then yes, you record $800.
megh87576
New Member
JD60Buyer
New Member
raspberry44
New Member
bruce-borysiuk
New Member
sashkor1943
Returning Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.