cmnpoa5
New Member

Are Social security net benefits paid to me or the total benefit

 

Retirement tax questions

Aren't you using your SSA-1099 form?

Retirement tax questions

Enter your SSA1099 exactly as it appears. Go to Federal> Wages & Income>>Retirement Plans and Social Security to enter your SSA1099

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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tripleee
New Member

Retirement tax questions

The Turbo tax format says to enter "Total Net Benefits"

FORM SSA-1099 lists as follows:

A paid by check or direct deposit  

B Medicare part B

C voluntary Fed income tax withheld

D Benefits for 20XX

 

The 1099 form does not have a "total net benefits" field. A is gross and D is a net figure. 

So what do you enter in the Turbox tax field that says Total Net Benefits (A or D) ?

 

The "net" number is really D. A is gross

Retirement tax questions


@tripleee wrote:

The Turbo tax format says to enter "Total Net Benefits"

FORM SSA-1099 lists as follows:

A paid by check or direct deposit  

B Medicare part B

C voluntary Fed income tax withheld

D Benefits for 20XX

 

The 1099 form does not have a "total net benefits" field. A is gross and D is a net figure. 

So what do you enter in the Turbox tax field that says Total Net Benefits (A or D) ?

 

The "net" number is really D. A is gross


The program asks for the net from box 5 of the SSA-1099 and Federal Income taxes withheld from box 6 along with the other information reported on ths SSA-1099.  See screenshot from the TurboTax online editions.

TTO Social Security SSA-1099.JPG

 

Retirement tax questions

 Yes the SSA-1099 has Net Benefits.  It's Box 5 on the top line. Don't you have an actual SSA-1099?  What form do you have?