This is considered a repayment of your social security. If you paid tax on part of your social security in the past you can use this as a deduction. If not, there is nothing to report.
-
Repayment of
$3,000 or less.If
the amount you repaid was $3,000 or less, deduct it from your income in
the year you repaid it. If you must deduct it as a miscellaneous itemized
deduction, enter it on Schedule A (Form 1040), line 23. See
steps for TurboTax below.
- Federal taxes - Deductions & credits - Other deductions and
credits - Other deductible expense
- See the image attached
