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Deductions & credits
Thanks so much for your quick response!
To answer your question about how much I repaid, it was $63,900.
But, also on the letter from my insurer, it reminds me that the benefits that I previously received were submitted as income on a W2 with only 36% of the benefits being taxable.
So they're saying that I can only submit: 36% of $63,900, or $23,004 for a potential 2019 tax deduction
I did itemize my deductions in 2019. I do not have the desktop version of TurboTax.
So, the first question for me: is choosing the credit method still more beneficial than the deduction method given the fact that I would have to purchase TurboTax Desktop?
And, the second question: is this too complicated to do on my own and will I need a CPA or tax attorney?
Your thoughts?
Thanks!