Get your taxes done using TurboTax

"do i included my own SS deducted"

 

What do you mean by that ? 

 

 

To enter Social Security benefits reported on form SSA-1099

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Retirement Plans and Social Security
  • On Social Security (SSA-1099, RRB-1099), click the start or update button

Or enter ssa-1099 in the Search box located in the upper right of the program screen. Click on Jump to ssa-1099

 

If  you received a Social Security lump sum payment...   In TurboTax Online, a Social Security lump sum payment can be computed by following these steps:

  • Follow these directions:
  • Down the left side of the screen, click on Federal.
  • Across the top of the screen, click on Wages & income.
  • Under Your income, scroll down to Retirement plans and social security.
  • Click on Show more to the right.
  • Click on Start/Revisit to the right of Social Security (SSA-1099).
  • At the screen Tell us about the benefits you received, enter the information as it is printed on the form.
  • At the screen Did you receive any lump-sum payments?, click Yes.
  • As an example, the year was 2018 and the amount was $5,000.
  • You will have to answer questions about the 2018 tax return.
  • Then answer questions about the 2019 tax return.

TurboTax will break down the payments into what amount was received for each preceding year.  You pay taxes on the lump sum in the current year tax return.

 

See this TurboTax Help.

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