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Author: BillyBarueFool Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: Interesting situation Date: 10/19/1999 7:05 PM
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Unless I've misinterpreted something in the above, I think you have missed an important distinction re Form 2106. If your employer is treating the "reimbursements" as taxable income to you, you CAN take the deductions on Form 2106. Re-read the instructions & the form if you have access to it. Note that on Line 7 (1998 Form) you show the reimbursements that the employer DID NOT include in Box 1 of your W2 (Box 1 is the taxable income box). Since your employer DID include the $ in Box 1, the reimbursements will not come into play on your 2106.
Hope this helps.
Regards, Gregg


Oh wow...there's a glimmer of hope...the only cloud on the horizon now is the clause that states:

Include any reimbursements reported under code 'L' in box 13 of your Form W-2.

Wait - this just in - the accounting center at my ex-employer just informed me that this will show up as income in box 1 - WOOHOO!!!!

*Happy Dance*

You guys have MADE MY DAY! Of course I'll run all of this past my tax dude, but you all are the best...if you guys were here I'd buy you all a beer or three for the $$ I get to keep...

Muchos Muchos Gracias!

BillyBF


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