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