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Get your taxes done using TurboTax
Pretty sure is it is a Claim of Right Repayment. This year we paid her LTD insurance carrier $35,000 from the SSD lump sum payment. That $35,000 was reimbursed to the carrier for payments we received from the carrier in 2024 and we paid taxes on that last year. We should get a credit this year for the taxes we paid last year on that amount. I just need to figure out how to recreate my 2024 tax return less the $35,000. I know I need to purchase the 2025 Desktop version to complete the Claim of Right. I would rather not purchase the 2024 version just to calculate the amount of our credit (I.e. create the dummy return).
Friday