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Deductions & credits
your choice in the year of repayment is to take it as an itemized addition which should appear on line 16 of schedule A or use the tax credit method.
I agree the repayment is not part of investment income
in TurboTax desktop there appears a worksheet for the 8960
in part III it lists the repayment which should be zeroed out
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I can't see a direct way to get to it in the interview process. so in the jump to box type 8960 and go to the wks?
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Turbotax warming on the page were the COR repayment is entered.
"in some situations these amounts must be adjusted for the calculation of the NIIT. Turbotax DOES NOT SUPPORT THESE ADJUSTMENTS"
March 19, 2024
12:11 PM