DanielV01
Expert Alumni

Retirement tax questions

It depends.  First, review the IRS procedure on claim of right repayments by clicking on the following link:  Repayments (Claim of Right. The website has not yet updated for Tax Year 2017, but the law and treatment has not changed.  You can find this same information in the 2017 PDF version:  Publication 525 - IRS.gov  and going to pages 33 and 34).

If your greater tax benefit is mentioned in Method #1, you may enter it by logging in to your TurboTax account, clicking on Take me to My Return, and then on Deductions & Credits.  Once there, go all the way to the bottom of the screen and follow the instructions you find in the next four screenshots:

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