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Get your taxes done using TurboTax
Well, I wanted credit for the income repaid. I paid taxes on that SS in 2019 but it seems that when I repay it, I cannot claim it as negative income even though when it was paid to me, it was counted as income. It looks like, according to the IRS publication 915, that I can put it on Schedule A but I don't have enough for sch A to exceed the std deduction even with the negative SS. I just think it's not right that it counts as income when it's paid to me but just tossed aside when I repay it!
‎April 4, 2021
2:48 PM