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Deductions & credits
Yes, claiming a credit under IRC 1341, Claim of Right may be more beneficial. The steps below may help you figure the credit:
- Login to TurboTax desktop version.
- Click on Forms in the upper right hand of the screen.
- Scroll down on the Forms in my Return column on the left hand side and click 1040/1040 SR WKS.
- Scroll down all the way on the 1040/1040 SR WKS until you get to Other Payments and Credit Smart Worksheet at the bottom of the page.
- Enter the amount on Line D, Claim of Right, IRC 1341.
- Click on Step by Step in the upper right hand of the screen.
See link, Claim of Right, for more information.
March 16, 2021
4:26 PM