The $23,000 received in 2021 and repaid in 2022 could be eligible for a Claim of Right Repayment. See IRS Publication 525 under Repayments page 37.
To enter your repayment information in TurboTax Online:
- Click Federal in the left pane, if you’re not already there
- Click Deductions & Credits in the banner
- Scroll down and click Show more to the right of Other Deductions and Credits
- Click Start to the right of Other Deductible Expenses
- Proceed through the screens until you get to the Did you have any of these less common expenses? screen. If your repayment amount was $3,000 or less, answer Yes. Otherwise, answer No.
- On the next screen, Did you have any of these other expenses?, answer Yes if your repayment amount was over $3,000.
- Report your repayment amount in the Claim of right repayment over $3,000 box, then select Continue at the bottom of the screen.
I would expect the $4,000 received in 2022 would be reported as Benefits Repaid in Box 4 of the SSA-1099 Social Security Benefit Statement and be netted in Box 5 of the SSA-1099.
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