DFAS form 705

[BHoffman]

I'm staring at this form and wondering about the mechanics of reporting.

My client received a W2 from DOD in 2005. He was overpaid. He repaid $4400 in 2008.

I'd like him to take the credit and think I would calculate that by "amending" his 2005 return, decrease his wages by the $4400 and see what the difference in tax would be. I think I report that difference on his 2008 return, right?

But I don't know where to enter it on the tax return. Line 68 and cite form 705?

Thanks for any help

[BP.]

Details in TTB on p. 3-21- "Repayments."

[BHoffman]

It is right there! Thanks BP

[WhiteOleander]

My software program will print IRC 1341 on line 68 next to the credit I take. So, check your software. I bet there's a place to enter the credit.

[BHoffman]

I use Drake. I'm sure it will be okay. You guys are the greatest! I was slogging through IRC 1341 until I felt the spit running down my chin and figured someone here would be able to help with the simple mechanics. Thank you so very much!