Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Feb 24, 2024 9:08:57 AM

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?

0 3 1170
3 Replies
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?

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.

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.