It brings my return down by $1200 if I include it in my taxes.
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Yes you have to include all income on your tax return
Stop looking at the refund estimator until you’ve entered in all your information
Yes. You have to include it. The IRS will have it and their numbers need to match yours
Yes, you don’t get to pick and choose which income gets reported and which doesn’t. The IRS also has copies of your W2s, so you’re playing with fire if you try to evade those taxes.
> It brings my return down by $1200 if I include it in my taxes.
Your refund isn’t set in stone until the very last page and you click ‘submit’. Yes, you have to pay taxes on your income.
Anything you get a form on should be included because the IRS also has the same doc.
Sounds like you got paid a bunch of money and didn’t pay any taxes on it. Does the W-2 show that you paid taxes on that income? If not, then you have to pay it when you file.
you file all your income for a total number. Of course it brings your return down…because you actually made more money then you are putting into the filing software
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