AmyC
Expert Alumni

Retirement tax questions

The lump sum should have the years separated or have a statement attached stating each year and amount. Somewhere, you should have that information. Enter the portion for each year. Entering more would increase your taxes.

 

The claim of right payment can be entered two different ways. You should use the method most beneficial to you. You repaid more than $3,000 so you are able to use both methods on page 36. About Publication 525, Taxable and Nontaxable Income. You can follow the instructions in the TurboTax article for the simple deduction or the credit, whichever is best for you, click here.

 

It is easy to switch to desktop if that works out better for you.

 

 

 

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