Repayment of Signing Bonus 'unrestricted right' definition

Discussion in 'Individuals' started by Edfire7, Mar 25, 2018.

  1. Edfire7

    Edfire7

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    Received $25,000 signing bonus in 2016 net of taxes. Amount was included in W-2. Bonus stipulated I had to work at least one year or pay it back. Left prior to one year and had to pay back the gross amount ($25,000) in 2017. Can I deduct the taxes paid in my 2017 return under IRC 1341 rules?
     
    Edfire7, Mar 25, 2018
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