To report the repayment of taxable income as an itemized deduction on Schedule A -
Click on Federal Taxes (Personal using Home and Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Other Deductions and Credits
On Other Deductible Expenses, click on the start or update button
Or enter other deductions in the Search box located in the upper right of the program screen. Click on Jump to other deductions
If the repayment amount was $3,000 or less -
On the next screen, click on No (Generation Skipping Taxes)
On the next screen, click on Yes (Less Common Expenses)
On the next screen, enter the amount repaid. Continue with this section until it completes.
If the repayment amount was over $3,000 -
On the next screen, click on No (Generation Skipping Taxes)
On the next screen, click on No (Less Common Expenses)
On the next screen, click on Yes (Do You Have Any of These Other Expenses?)
Enter the amount repaid in the box labeled Claim of right repayment over $3,000. Continue with this section until it completes.
This answer has been verified for accuracy by an Intuit expert employee
