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hoffmanva
March 29, 2022
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How do I add form 843 to my turbo tax? In 2021 I repaid a $5000 bonus that was received and taxed in 2020. How do I get the taxes back?

  • March 29, 2022
  • 1 reply
  • 0 views
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Best answer by MinhT1

This is a claim of right repayment. You can only report it in the year you actually repaid the claim (2021 in your case).

 

As the repayment is more than $3,000, please read this TurboTax Help topic on how to make the claim.

1 reply

M
MinhT1Answer
March 29, 2022

This is a claim of right repayment. You can only report it in the year you actually repaid the claim (2021 in your case).

 

As the repayment is more than $3,000, please read this TurboTax Help topic on how to make the claim.

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    H
    hoffmanvaAuthor
    March 30, 2022

    I will have to file a right of repayment this year due to paying back a bonus of greater than $3000. I will have to go the refundable credit route, as I am taking the standard deduction on my taxes. I need to take the credit in turbo tax cd/ download. What version of the software do I need to purchase?

    V
    Vanessa A
    March 30, 2022

    You would be able to Use TurboTax Deluxe to file the Claim of Right. 

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
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