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Get your taxes done using TurboTax
if you got the money in year 1 (say 2019) but repaid in year 2 (say 2020) you can not deduct the repayment in 2019. there are special rules depending on whether the repayment was $3000 or more or not. if this is the case post back in same thread so further guidance can be provided and also answer whether it was $3,000 or more
‎October 17, 2019
9:33 AM