I have entered wages, interest, and rental income that total $67,400 for married couple and turbo tax is saying all $52,000 social security received is nontaxable. This is not correct. How do I resolve this. Is must be an error in software+
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Where do you see that it is not taxable? Look at line 6a and 6b on your form 1040. The full amount should be listed on line 6a while 85% should be listed on line 6b.
TurboTax is calculating it properly when I enter it. Double check where you entered it if you are not seeing the numbers on line 6a and 6b.
Social security should be entered by selecting the following:
It was my error for marking yes to did we live in canada.
1) For your total income, make sure the rental income you are considering, is just the "profit" after expenses.
2) If #1 was just considering the rental profit as income, then run thru the SSA-1099 entries again.....there is one follow-up question asking if you are a US citizen residing in certain foreign countries. Make sure you answer NO to that one if you reside in the USA. Last year a bunch of people blew past that one only noting that they were a US citizen...and didn't read the rest...thus getting it wrong by answering YES...which wrongly resulted in none of their SS being taxed
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