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Deductions & credits
A Claim of Right occurs when a taxpayer reported income as being taxable in one year, but then has to repay more than $3000 of that income back in a future tax year.
To enter this as a deduction in TurboTax
- Go to Deductions and Credits
- Under Other Deductions and Credits
- Next to Other Deductible Expenses select Start
- Select No until you get to the screen that says Tell us about your other expenses
- Claim of right repayment is on this screen
Enter your repayment.
Also please see this link: Claim of Right
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March 11, 2020
12:31 PM