Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 3
posted Jan 26, 2021 8:05:55 AM

Is there a worksheet or instructions for Social Security Recipients Who Contribute to a Traditional IRA?

I don't see that TY 2020 has this worksheet, or performs this calculation, per IRS Pub 590-A.

0 3 695
3 Replies
Level 15
Jan 26, 2021 8:18:18 AM

TurboTax does do the calculations from Appendix B of Pub 590-A when required.  This is implemented in Worksheets 1, 2 and 3 of TurboTax's Social Security Recipients Who Contribute to a Traditional IRA Worksheet ("IRA SS Wks" in the forms list).

Level 3
Jan 26, 2021 8:44:01 AM

Thank you! This led me to the right solution, but with this difference:

Searching forms for "IRA SS Wks" doesn't yield a result, and this form didn't appear independently anywhere (at least so far) in Turbotax Home & Business 2020.

The button on IRA Contribution worksheet, Line 13 "Worksheet for social security recipients" opens the calculation, and then shows the form at the very bottom of the  "Forms in My Return" list. Until I clicked that button, I couldn't find this worksheet and it's calculation.

Thanks again.

Level 15
Jan 26, 2021 8:52:26 AM

If the result on this worksheet indicates that factoring in the Social Security income makes no difference in the amount of the IRA contribution that is deductible, it's possible that TurboTax simply omits the worksheet from the forms list.