bvpservices
Level 1
12-07-2019
06:47 AM
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Client repaid $66000. of disability income when he received bulk SSI. Taxes were paid on the disability income and I am looking to do a "Right of Claim". What is the proper way to file so I get the credit against his income?
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George4Tacks
Level 15
12-07-2019
06:47 AM
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https://www.irs.gov/pub/irs-pdf/p525.pdf see page 34
https://accountants-community.intuit.com/articles/1612026-how-to-report-a-credit-for-repayment-of-in... It should end up on Schedule 5, line 74 as "IRC 1341"
Here's wishing you many Happy Returns
paintman2000
Level 1
11-24-2020
12:27 PM
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In 2019, how do I file a claim of right for 3 years paid back (in 2019) to disability insurance company as I received 3 years of SSI, bulk income in 2019?
