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Get your taxes done using TurboTax
I went through the deduction steps again today using both online and desktop versions and do not have the unemployment showing up. Investigations is done and things should be working for you. There have been lots of software updates. Personally, I am not a fan of the deduction since so many people do not itemize. The credit is generally better but can only be used on the desktop version. These are the desktop steps- if you repaid more than $3,000:
- Figure your 2020 tax as normal, without deducting the repaid amount.
- Locate prior year taxes that are now incorrect. Note the amount of tax liability.
- Refigure your tax from the earlier year(s) subtracting the income that you have repaid.
- Subtract the difference in tax liability for the year.
- The difference is your 2020 credit allowed. This is your right of claim credit.
- This becomes a credit on your return labelled as IRC 1341. This is schedule 3, line 12d.
Use the desktop program, online version does not support this credit. If you are online, easy to switch.
- If you are online user, and have not purchased your software, simply buy the desktop version and download your .tax file so you don't have to do your taxes again. Any trouble, call support, link below. Here are desktop options.
- If you have paid for your online taxes, call support and tell them the desktop program is required.
- Please use the following link for a customer support number.
Please see example and full details in my other post.- change the dates mentally since the post is older.
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March 22, 2022
11:05 AM