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Jaime received a payment from the military that he included in his income in 2018, in 2020, the military sent Jaime a notice requesting $
Jaime received a payment from the military that he included in his income in 2018, in 2020, the military sent Jaime a notice requesting $ 4,000 back due to an overpayment> Jaime paid the money back in 2020. How should handle this when he files his 202 taxes?
1) Jaime can deduct repayment if he itemize
2) Jaime can deduct the repayment whether he itemize or take the standard deduction
3) Jaime must amend his 2018 return with the correct amount of income
4) Jaime has already paid taxes, so no correction was needed in 2020
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