I received an IRS refund for 2017 taxes, but the IRS informed me my refund was overstated and had to pay back $1077. WHERE does this tax credit go on the 2018 return?

I paid back $1077 to the IRS based on an overstated 2017 refund, and believe I can claim this repaid tax on my 2018 return. But I can not find WHERE this tax credit goes. Turbo tax suggested I put it under Estimated Taxes, but I want to be sure that is right.

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1 Best answer

Expert Alumni

Jun 5, 2019 11:15:43 PM

Unfortunately, the amount of the 2017 income tax refund for 2017 you had to pay back due to an overstatement cannot be used as a credit on your 2018 return. It is not considered a Tax Credit.

If you put the $1077 under Estimated Taxes, your 2018 refund will also be overstated and you will once again have to pay back the $1077.

Expert Alumni

Jun 5, 2019 11:15:43 PM

Unfortunately, the amount of the 2017 income tax refund for 2017 you had to pay back due to an overstatement cannot be used as a credit on your 2018 return. It is not considered a Tax Credit.

If you put the $1077 under Estimated Taxes, your 2018 refund will also be overstated and you will once again have to pay back the $1077.

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I received an IRS refund for 2017 taxes, but the IRS informed me my refund was overstated and had to pay back $1077. WHERE does this tax credit go on the 2018 return?