Enter the amounts as they appear on your SSA-1099.
A net negative amount entered in Box 5 indicates you paid back social security that you received in a prior year. This could mean you are eligible to receive a deduction or credit this year.
Enter the amount in box 5 of your SSA-1099 as a miscellaneous deduction on Schedule A by following these steps:
- Click on Federal Taxes >
Deductions & Credits [In TT Self-Employed:
Personal > Deductions & Credits > I'll choose what
I work on].
- Scroll down to the Other Deductions and Credits section and click on the Start/Revisit box
next to Other Other Deductible Expenses. [See Screenshot #1, below.)
- On the Less Common Expenses screen-- [Screenshot #2]
- If the repayment was $3,000 or less:
- Click the Yes box.
- Enter the amount on the Enter More Expenses screen. [Screenshot #3]
If the repayment was more than $3,000:
- Click the No box.
-
On the Any Other Deductions screen, click the Yes box. [Screenshot #4]
-
On Report Other Deductions, enter the amount in the box Claim of Right Repayment (Only If Over $3,000). [Screenshot #5]
-
Click Continue.
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