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.

I have a dfas form 705 that says my payment of a debt I pad It says that I should be able to put it as a miscellaneous deduction, where do I put this info in?

I have a debt to the government and they took my tax check last year. The form says that it will assist me in reducing my tax liability for calendar year 2022 but I’m not seeing where I can input that information
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.

2 Replies
DaveF1006
Expert Alumni

I have a dfas form 705 that says my payment of a debt I pad It says that I should be able to put it as a miscellaneous deduction, where do I put this info in?

it depends. What kind of a debt was it? Most debts paid to the federal government are punitive in nature therefore not deductible but this depends on what type of debt you paid back.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Carl
Level 15

I have a dfas form 705 that says my payment of a debt I pad It says that I should be able to put it as a miscellaneous deduction, where do I put this info in?

It's deductible as a miscellaneous expense only if it was not subtracted from your W-2 or 1099-R already. See https://ttlc.intuit.com/community/taxes/discussion/i-have-received-a-form-705-from-dfas-the-overpaym...

 

 

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