DaveF1006
Expert Alumni

Get your taxes done using TurboTax

Your taxable amount of the Social Security changed because your combined income changed because of the k-1. Here is why?

 

For those with additional sources of income, the key figure is the Modified Adjusted Gross Income (MAGI). The MAGI includes half of your Social Security, plus other sources of income. Once your MAGI exceeds the base amount for your filing status ($32,000 for Married Filing Jointly or $25,000 for all others), at least part of your Social Security income becomes taxable. The taxable portion of your Social Security income increases once you reach additional MAGI thresholds.  This information can be found in the following Turbo Tax post.

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