- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
It sounds like you entered your SS as a 1099-R instead of a 1099-SSA. Line 5 is for pensions and retirement, line 6 is for social security. So, you will need to go back and delete your 1099-R by clicking the trash can next to it, then go back to income and scroll down under retirement, then select 1099-SSA to enter your SS income on line 6. SS is taxed differently than a pension. It is only partially taxable as opposed to fully taxable like most pensions are.
Your business income will show up on line 8 as part of the other income from Schedule 1.
When you entered your small business income, did you enter it in the business section of TurboTax? Are you seeing a Schedule C when you go to the forms mode? This is where your business income starts.
**Mark the post that answers your question by clicking on "Mark as Best Answer"