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Retirement tax questions
Correct, but unfortunately IRS Pub 915 states:
"Report your net benefits (the total amount from box 5 of all your Forms SSA-1099 and Forms RRB-1099) on Form 1040 or 1040-SR, line 6a. Enter -0- on Form 1040 or 1040-SR, line 6b."
TurboTax's "solution" is to tell you not to report your SS income if you're a U.S. citizen/Canadian resident. But the technically correct approach would be the above. Unfortunately, TurboTax has no way to report the income on line 6a, and then zero it out on line 6b as the IRS instructs. To do this, an override is required, which makes it impossible to eFile. Whether the IRS would actually flag someone who failed to report the income on line 6a, I have no idea. It would make no difference in the final calculations, but that doesn't guarantee your return won't be scrutinized because of the omission. Asking TurboTax to deal with issues like this is pretty much like barking into the void, so I doubt it will ever be fixed. Leaving the choice of not reporting the income, or sending in a paper return.