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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
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- Re: how do i get a claim of right tax deduction in lacerte
how do i get a claim of right tax deduction in lacerte
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robertblisscpa
Level 1
02-25-2022
09:55 PM
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abctax55
Level 15
02-25-2022
10:27 PM
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ooooooops...... misread the question.
HumanKind... Be Both
George4Tacks
Level 15
02-26-2022
12:31 AM
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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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