KristinaK
Employee Tax Expert

Deductions & credits

You can do it in TurboTax Desktop version. However, if the repayment amount was less than $3000, you cannot claim Sec. 1341 credit. It applies only to the amounts that exceed $3000. 

 

Unfortunately, in both situations - whether claiming a deduction or credit - you are out of luck after the tax law change. 

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