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Pay Back of Unemployment Income?

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    #1

    Pay Back of Unemployment Income?

    Taxpayer received unemployment compensation in 2010 and then was ruled ineligible to receive it and must pay it back in 2011. Can I assume that it would a payback for 2011 and report it as a deduction of unemployment income in 2011?
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    #2
    Repayment

    See TTB page 3-21 on how to handle repayment in a later year.

    Sandy

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