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Get your taxes done using TurboTax
the repayment must be $3000 (income amount) or more otherwise any tax benefit is denied . to take the credit if you qualify
recompute the taxes in the year you received the payment by excluding the payment (the gross pay you have repaid)
the decrease in taxes is taken as a credit on schedule 3 line 12d denote as IRC 1341
‎February 1, 2023
1:23 PM