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Level 1
February 26, 2022
Question

how do i get a claim of right tax deduction in lacerte

  • February 26, 2022
  • 2 replies
  • 17 views
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2 replies

abctax55
Level 15
February 26, 2022

ooooooops...... misread the question.

 

HumanKind... Be Both
George4Tacks
Level 15
February 26, 2022

Deduction goes on Schedule A, Miscellaneous

OR

Credit goes in Screen 38 > Other Credits > Credit for repayments

Credit for Repayments (IRC 1341)

Other Credits Screen 38; Code 54

If the taxpayer had to repay an amount included in income in an earlier year, enter the amount that qualifies as a payment. The program includes this amount on Form 1040, Schedule 3 and prints "IRC 1341" on a supporting statement.

 

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