356413
You'll need to sign in or create an account to connect with an expert.
It depends. When you receive Social Security income, you receive a Form 1099-SSA. (If you never receive this form, then there is nothing taxable). Social Security income may become taxable depending on how much other income combined with Social Security you received (it is a complicated formula). But you shouldn't receive anything indicating that this income is reportable because you paid it back within the same year.
As far as whether or not you can continue to use TurboTax Deluxe or not, that also depends, but it won't have anything to do with your Social Security income situation. That does not prevent you from using TurboTax Deluxe (or TurboTax Absolute Zero for that matter.) However, it is possible that you have another situation on your tax return that could require you to use a different version of TurboTax. If that's the case, TurboTax will advise you when you need to upgrade and why.
It depends. When you receive Social Security income, you receive a Form 1099-SSA. (If you never receive this form, then there is nothing taxable). Social Security income may become taxable depending on how much other income combined with Social Security you received (it is a complicated formula). But you shouldn't receive anything indicating that this income is reportable because you paid it back within the same year.
As far as whether or not you can continue to use TurboTax Deluxe or not, that also depends, but it won't have anything to do with your Social Security income situation. That does not prevent you from using TurboTax Deluxe (or TurboTax Absolute Zero for that matter.) However, it is possible that you have another situation on your tax return that could require you to use a different version of TurboTax. If that's the case, TurboTax will advise you when you need to upgrade and why.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
galaxy-bean-03
New Member
halberman
New Member
hslettel
Level 3
dcsharkey
New Member
anks-malhotra
New Member