Originally Posted by
scambo1
Check;
As I read it, you have to have paid the tax on those earnings in the payout year and now have to go back and amend that tax return to get the benefit. Is that how you read it?
Yup. I read it the same.
You will essentially be amending your return for they year you got the payments.
The mechanics of that is yet to be determined.
I've never filed an amended return. I have no idea how it will work.
Hopefully they will just create a special form for us and we won't have to go back and redo the whole tax return. Yikes!
I can't even remember what year we got that notes and claims money. 2007 maybe?