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Old 08-14-2013, 05:39 PM
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Repayment of Business Expenses to Employer

In 2012 I had about $20,000 in business expenses. My employer reimbursed me for $12,000 of that (It was included on my pay stub but tax free). So, on my tax return I had a net deduction of $8,000 of unreimbursed business expenses under miscellaneous on Schedule A (less the 2% of AGI requirement).

I have to be with my employer for more than a year to keep that money. So, if I were to leave in 2013 I will have to pay the $12,000 back. If I do leave, is that money tax deductible in 2013? The reason I ask is because although I didn't pay taxes on the $12,000 I would have been able to deduct it from my income in 2012 had I known that I wasn't going to end up being reimbursed for that expense. How do I go about deducting this in 2013? Or, do I have to file an ammended 2012 return? Thanks for the help



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