Assuming you made a timely repayment in 2022 (See Instructions) your 2022 tax return should show a repayment of 2/3, only 1/3 of which is useable. The remaining excess repayment of 1/3 can be carried back to 2021.
Also, instead of carrying that portion of the excess repayment back to 2021, you can choose to carry it back to 2020.
Step 2. Add this sentence. Enter "$_______
carryback from [enter here the year the excess carryback
occurred] Form 8915-[E or F, as applicable]" on the dotted
line to the left of the line on which you are including the
carried back amount.
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did you have penalties?
Subtract any penalty from the amount you owe reported on original 1040.
Don't try to include, but ignore, any new or changed penalty.
IRS will calculate your new penalty on their own and will bill you.
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Good Luck!
@SprnklmeTT
