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Get your taxes done using TurboTax
Is there any way to parse out the SS that corresponds to pre-2022 years? I realize this income needs to be taxed, but it seems the recognition of the full boat in 2022 for MAGI has the unintended consequence of putting me in the "net investment income tax" space, which is what caused me to initially think I was being hit at the 20% rate on the qualified dividends. Was surprised to see this given one goes to the trouble of breaking out the SSI payment over the prior years consistent with SSA-1099 reporting, and I did not in fact have over 200K in MAGI in 2022 (if only recognizing the 38K SSI in 2022). Thanks for your prompt reply and insight.
March 4, 2023
5:55 AM