1899789
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Should I put information about my repayment to TWC into my application if it's not mentioned in my 1099-G Form?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
ColeenD3
Expert Alumni

Should I put information about my repayment to TWC into my application if it's not mentioned in my 1099-G Form?

 

That is correct.  In the year you make the a payments is when you will realize the deduction.  If you paid the benefits back in the same year, you can offset the amount of the repayments on your 1040. If you repaid the overpayment of unemployment benefits in the same year you received them,  subtract the amount of unemployment repayment from the total taxable amount you received. Report the difference as unemployment compensation.

 

 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question