JamesG1
Expert Alumni

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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