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Get your taxes done using TurboTax
Claim of right repayment over $3,000 may be reported as a deduction by following these steps.
- Go to Federal / Deductions & Credits / Your tax breaks / Other Deductions and Credits / Other Deductible Expenses.
- Click Start / Revisit to the right.
- At the screen Tell us about your other expenses, select Claim of right repayment over $3,000.
The deduction is reported on line 16 of Schedule A Itemized Deductions.
Computation of the credit option is outlined here by KristinaK.
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March 1, 2022
3:34 PM