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New Member
posted Mar 29, 2022 1:44:49 PM

How do I add form 843 to my turbo tax? In 2021 I repaid a $5000 bonus that was received and taxed in 2020. How do I get the taxes back?

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2 Best answers
Expert Alumni
Mar 29, 2022 2:07:21 PM

This is a claim of right repayment. You can only report it in the year you actually repaid the claim (2021 in your case).

 

As the repayment is more than $3,000, please read this TurboTax Help topic on how to make the claim.

Expert Alumni
Mar 30, 2022 6:30:33 AM

You would be able to Use TurboTax Deluxe to file the Claim of Right. 

5 Replies
Expert Alumni
Mar 29, 2022 2:07:21 PM

This is a claim of right repayment. You can only report it in the year you actually repaid the claim (2021 in your case).

 

As the repayment is more than $3,000, please read this TurboTax Help topic on how to make the claim.

New Member
Mar 30, 2022 6:16:13 AM

I will have to file a right of repayment this year due to paying back a bonus of greater than $3000. I will have to go the refundable credit route, as I am taking the standard deduction on my taxes. I need to take the credit in turbo tax cd/ download. What version of the software do I need to purchase?

Expert Alumni
Mar 30, 2022 6:30:33 AM

You would be able to Use TurboTax Deluxe to file the Claim of Right. 

New Member
Mar 30, 2022 6:40:29 AM

I have already started and have almost completed my taxes in the online version.  If I switch to the downloaded deluxe edition will I be able to upload the work I have completed?

 

Expert Alumni
Mar 30, 2022 1:25:52 PM

Yes. You can do this by using the Tax Tools menu option on your left menu bar in TurboTax, then Tools, then Save your return to your computer.