I am in the process of amending our 2022 return, to report corrections for an excessive traditional IRA contribution that we made for 2022 based upon a W-2 "Box 1 and Box 11" distribution from a nonqualified plan. We have no other W-2 income. The Ttax software now has the distribution amount properly reported on Sch. 1, Additional Income, Part I, ln (t), rather than on Form 1040, ln 1a. It properly eliminates the IRA deduction that was taken. And, the Form 5436 for the 6% excessive contribution penalty is prepared, and is correct.
The question I have is this: This change triggers an increase in the calculated taxable Social Security benefits amount -- I see the worksheet for this calculation. I guess this is correct, and I should just keep it all as calculated in our amended return? Any confirmation or insight would be appreciated, i.e., I doubt that I should override the changes in the taxable Social Security benefits amounts. Make sense? Thank you
