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Code Section 1341 refundable credit for repayment of overpayment of pension

sp4740
Level 1

I have a client that was over paid for his disability from one disbursement source from 12/1/2016 to 7/31/2017 in the amount of 2028.80. This amount was repaid in one lump sum 8/22/17 . In addition This taxpayer was over paid from an addition source form 8/1/17 to 3/30/2018 in the amount of 9,786.56 which he paid in a lump sum 5/15/2018. my question is how to treat the repayment. 1) do I amend the 2017 taxes by deducting the 2028.80 as a miscellaneous deduction on schedule A 2) how to i recoup the 9,786.56 repaid in 2018 for the overpayment spanning the two year.

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Just-Lisa-Now-
Level 15
Level 15

no, see the section on Repayments

https://www.irs.gov/pub/irs-pdf/p525.pdf


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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Just-Lisa-Now-
Level 15
Level 15

no, see the section on Repayments

https://www.irs.gov/pub/irs-pdf/p525.pdf


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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