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

robertblisscpa
Level 1
 
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2 Comments 2
abctax55
Level 15

ooooooops...... misread the question.

 

HumanKind... Be Both
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George4Tacks
Level 15

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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