- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
1099-SSA - does it include the total of monthly BENEFITS from previous year or the total of monthly PAYMENTS (which are paid one month in arrears)?
Social Security monthly benefits are paid one month in arrears. From their letter: "Social Security benefits for a given month are paid the following month. (For example, Social Security benefits for March are paid in April.)"
Example for this question: I started a benefit of $100 in November, which is paid in December. In this example will my 1099-SSA state I received $100 for the year (the November benefit amount paid in December) or $200 (the benefit amount for November plus the benefit amount for December? (Even though I only received a payment of $100 for the year, that is, the November benefit paid in December.)
‎December 4, 2023
10:28 AM