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Retirement tax questions
No, unfortunately, it is not amiss. The Right of Repayment is an itemized deduction, and unless you have other itemized expenses to report on your return such as mortgage interest, real estate property taxes, medical expenses in excess of 7.5% of your AGI, charitable contributions, etc., you won't be able to claim itemized expenses if your Standard Deduction is higher than your itemized.
Your saving grace is to request a 1099 SSA if the Social Security Administration will release it to you. I would recommend filing the return as is with the 1099 SSA and if you are issued the corrected 1099 SSA, you may file an amendment reporting the corrected 1099 SSA.
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‎April 7, 2025
11:04 AM