Chris R Posted March 12, 2017 Report Share Posted March 12, 2017 My client had to repay some long-term disability payments because in 2016 he received his PERS finally and it included retro. Following the guidelines in Pub 525 he can either do a deduction or credit. Under the claim of right rules the client had no tax liability in 2015 with or without the LTD nor in 2016 so no credit to take. But my concern is that with the LTD income included in both years he qualified/s for a greater amount of EIC and it affected his PTC amount. The payback amount is just over $13000. Is there anything I need to do concerning those credits? Thank you Quote Link to comment Share on other sites More sharing options...
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