Yes you can. If the amount you paid back is over $3,000
On TurboTax, you will go to the
- Federal Taxes,
- Deductions and Credits
- Other Deductions and Credits
- Other Deductable Expenses
First question about Generation-Skipping taxes No
Second Question Any Less Common Expenses No
Third Question Second Option put the amount of the Repayment if it was over $3,000.
If the amount of your repayment is less than $3,000 then no you cannot claim a deduction for it.
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