Page 80 - Other Income for Individuals

Other Income

Recoveries

 A recovery is a return of an amount you deducted or took a credit for in
an earlier year. The most common recoveries are refunds,

reimbursements, and rebates of deductions itemized on Schedule A
(Form 1040).
R  You may also have recoveries of nonitemized deductions (such as

payments on previously deducted bad debts) and recoveries of items for
which you previously claimed a tax credit.

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