Tax Treatment of Debit Balance Repayments?

[FortHoodTX]

Surely someone has dealt with this before and I don't need a tax adviser; I'll give it a shot.

I worked with a life insurance company mainly in 2009 and a total of $3000 of business ended up dropping off (long story). I stopped writing for this company. They came back in early 2012 and demanded repayment of this debit balance.

I already paid taxes on this $3000 of income from 2009. Since I repaid $2200 of that debit balance in 2012, shouldn't I be able to deduct that on this year's taxes?

 

[LGilmore]

Did you not take it off in 2012? You can amend 2012 or carry it to 2013, but you may need to ask a tax guy to be certain. I've never waited two years to apply it to income.

 

[FortHoodTX]

Sorry, I screwed up. New year and all.. I actually forgot that last year was 2013. So it was last year (2013) that I paid most of this balance back... so if I were to deduct it from income, it would be from my 2013 income. I use H&R Block at Home software, just not sure if I'm going to get a form in the mail (doubt it) or if I need to manually input it somewhere.