- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Repayment of Social Security Income when Repayment Occurs in a Subsequent Year
Repayment of Social Security Income when Repayment Occurs in a Subsequent Year; I have income this year from Social Security and have received their 1099. However, I have submitted SSA Form 521, Withdrawal of Application in which when approved I will pay back all my income I received in 2015 in year 2016. How should this be treated? I notice on the SSA-1099 that they do allow for Benefits Repaid - Box 4. Should I report the income on this year's return and make sure the correct entry is recorded on next year's 1099 or record this in some other way?
Topics:
May 31, 2019
5:08 PM