No, for the repayment over $3,000 you have to manually calculate the difference in the tax return that was affected in order to do the comparison. Turbo Tax program stays within the current year.
As a cheat, since it is for 2019:
- add the income to your 2019 w2 before you file to determine your tax liability with the income
- subtract the income back out before you file
make a note:
- of the tax liability if that income is added into your W2 in 2019
- Note your actual tax liability for 2019
- subtract to get the difference.
- put this in your 2020 tax file with a big note that this is critical information!!!
That way one method is already done for you when you do your 2020 taxes.
Next year, pull that note out to complete your 2020 credit correctly.
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