meffordtax
Level 2
02-15-2025
03:18 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I have a client that received disability in 2024 and had repaid a large portion 16000 in January 2025. Can this be claimed on Schedule A for 2024 or do we have to wait and claim it in 2025?
Labels
Level 15
02-15-2025
04:09 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
if it was repaid in 2025, it goes on the 2025 return.
Pub 525, Page 37, Repayments will explain your options.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪