turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

mooreracing1
Returning Member

I paid back money to SSA.. box 4 on my 1099 form.. Can I claim that?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
DianeC958
Expert Alumni

I paid back money to SSA.. box 4 on my 1099 form.. Can I claim that?

Yes you can.  If the amount you paid back is over $3,000 

 

 

On TurboTax, you will go to the

  •  Federal Taxes,
  • Deductions and Credits 
  •  Other Deductions and Credits
  • Other Deductable Expenses

First question about Generation-Skipping taxes No

Second Question Any Less Common Expenses No

Third Question Second Option put the amount of the Repayment if it was over $3,000.

 

If the amount of your repayment is less than $3,000 then no you cannot claim a deduction for it.

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies