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Get your taxes done using TurboTax
Thank you for this information. I am really hoping that I can use this form for deduction purposes. I've read that "for taxpayers seeking to claim deductions, amounts reported in boxes 3 (restitution) and box 4 (compliance) are critical information for substantiating the amount of any deduction because they are acknowledgment of the amounts that are deductible under Code Section 162(f)(2)". I am really hoping that I could use the amount in box 3 as part of the deductions. Any thoughts?
‎February 28, 2023
4:42 PM