DaveF1006
Expert Alumni

Deductions & credits

To claim a right of repayment which is what this is, you need to declare it in the year you repaid it. In this case, you need to declare it in 2020 as an itemized deduction.  If you do not plan on earning any income in 2020, you have no taxable income to reduce from the itemized deduction thus you will be able to take advantage of the deduction. 

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