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DFAS FORM 705

I have received form 705 from DFAS. The overpayment by Department of Defense established as a debt repayment. I paid over $5,000 back, where would I input this information as a deduction?

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MaryK4
Employee Tax Expert

DFAS FORM 705

This is a Claim of Right payment.  Because the amount is over $3,000, you can follow the instructions in this link (What is a claim of right repayment?) to see if you can take advantage of the credit or deduction.  

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1 Reply
MaryK4
Employee Tax Expert

DFAS FORM 705

This is a Claim of Right payment.  Because the amount is over $3,000, you can follow the instructions in this link (What is a claim of right repayment?) to see if you can take advantage of the credit or deduction.  

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