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?
031170
3 Replies
TurboTaxSusan
Moderator
Feb 24, 2024 11:34:37 AM
Are you using TurboTax CD/Download or TurboTax Online? Did you receive a slip for this lump sum?
pd180
New Member
Feb 25, 2024 5:48:50 AM
I'm using the online version. And no slip but it has it accounted for in box 40 on my T4.
TurboTaxSusan
Moderator
Feb 25, 2024 1:15:56 PM
If it's already on your t-slip then there's no need to enter it anywhere else.