I was overpaid $6,774 in 2017, i want a credit for that and not a deduction in 2018. Can i use a schedule 5, line 74 (code "IRC 1341" and get a credit for the amount?

pat-e · ‎June 1, 2019

IsabellaG · ‎June 1, 2019

If you decide to claim your repayment of over $3000 as a credit, follow the information starting on page 34 of IRS Publication 525 Taxable and Nontaxable Income under Repayments. This requires a special computation, and you would need to use a Desktop version of TurboTax and enter your credit using the Forms mode.

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I was overpaid $6,774 in 2017, i want a credit for that and not a deduction in 2018. Can i use a schedule 5, line 74 (code "IRC 1341" and get a credit for the amount?

I was overpaid $6,774 in 2017, i want a credit for that and not a deduction in 2018. Can i use a schedule 5, line 74 (code "IRC 1341" and get a credit for the amount?

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I was overpaid $6,774 in 2017, i want a credit for that and not a deduction in 2018. Can i use a schedule 5, line 74 (code "IRC 1341" and get a credit for the amount?

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I was overpaid $6,774 in 2017, i want a credit for that and not a deduction in 2018. Can i use a schedule 5, line 74 (code "IRC 1341" and get a credit for the amount?

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