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Retirement tax questions
If you repaid it (benefits received and reported in 2020) in 2020, yes you can tell TurboTax you repaid it in 2020. But if you do that, you can't indicate that you repaid those benefits next year also. You will most likely get a form next year that will show the repayment. As long as you don't enter the same repayment next year also, you should be fine. But keep detailed records in case the IRS sends an inquiry based on the timing.
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‎January 21, 2021
4:53 PM