OK - If this is "Right of Claim" under $3000 then it is deducted form income on the 1040 Schedule 3, line13, box d.
IRS Schedule 3 instructins.
Line 13
Check the box(es) on line 13 to report any credit from Form 2439 or 8885.
If you are claiming a credit for repay-ment of amounts you included in your income in an earlier year because it ap-peared you had a right to the income, include the credit on line 13. Check box d and enter “I.R.C. 1341” in the space next to that box. See Pub. 525 for details about this credit.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
