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Get your taxes done using TurboTax
Thank you both for your response. Based on the information shared, it seems that I should deduct the amount repaid in the repayment tax filing year (2023 in this case) since the amount paid was over $3,000. I would then include the amount I owe, over $3000, in "other deductible expenses and "claim of right payment over $3,000" and input the amount repaid. Is that correct?
If so and to confirm, is there anything that I truly need the W-2C for? Is this for just record keeping? Just trying to understand what specifically I need to do with the W-2C
‎June 19, 2023
11:25 AM