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Do I add benefits repaid, but have not paid it yet because I appealed this overpayment?

benefits repaid is pending because I filed an appeal. Appeal ID 94470, Appeal date 07/12/2021 STATUS: requested, LEVEL: appellate. Still Pending
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JohnB5677
Expert Alumni

Do I add benefits repaid, but have not paid it yet because I appealed this overpayment?

Yes, you will include all benefits that you have received.  If the appeal hasn't been finalized you will make the adjustment in the year that it occurs.  

 

You will take the amount repaid as a miscellaneous deduction on Schedule A, Form 1040 in the year in which it is repaid, or. take a refundable credit against tax on Form 1040 for the year that repayment occurs.

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2 Replies
JohnB5677
Expert Alumni

Do I add benefits repaid, but have not paid it yet because I appealed this overpayment?

Yes, you will include all benefits that you have received.  If the appeal hasn't been finalized you will make the adjustment in the year that it occurs.  

 

You will take the amount repaid as a miscellaneous deduction on Schedule A, Form 1040 in the year in which it is repaid, or. take a refundable credit against tax on Form 1040 for the year that repayment occurs.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Do I add benefits repaid, but have not paid it yet because I appealed this overpayment?

I am the one that posted question and the answer I got absolutely helped me with filing my taxes.

Thank You😊 

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