wlafay
New Member

Deductions & credits

I received a letter from my long term disability company subject reading: "Notification of repayment/refund data for income tax purposes. In the body of the letter it states..."You received overpayments of disability benefits under your employer's group and you returned part or all of the overpayments to us in 2023. The "taxable" amounts of the overpayment you returned to us in 2023, which is applicable to payments you had received prior to 2023, are shown on the reverse page. If you included the overpayment of disability benefits received on your prior years' federal income tax returns, you may be able to take a credit or deduction in the tax year of repayment for the repaid amounts. Please consult with tax advisor to refer to IRS publication 525 "Repayments" before taking any action. For more info reference page 37 of IRS Publication 525. 

 

So what I'm trying to figure out is how do I data enter this information onto the information I already have in my TurboTax account for 2023.