Question
Claim of Right for Virginia
A client repaid in TY 2024 a signing bonus originally received in TY 2023 . I have applied a credit for the tax liability on the federal return, but can't figure out where/how to enter it on the Virginia return.
My understanding is that Virginia allows a similar calculation -- figure out what your Virginia tax liability in 2023 would have been if this income had not been reported and then take a credit for the difference.
