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On an SSA-1099 form in box 5 it has ($427.89) how do i put that in

 
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Accepted Solutions
DianeW
Expert Alumni

On an SSA-1099 form in box 5 it has ($427.89) how do i put that in

This is considered a repayment of your social security.  If you paid tax on part of your social security in the past you can use this as a deduction.  If not, there is nothing to report.

  • Repayment of $3,000 or less.If the amount you repaid was $3,000 or less, deduct it from your income in the year you repaid it. If you must deduct it as a miscellaneous itemized deduction, enter it on Schedule A (Form 1040), line 23. See steps for TurboTax below.
  • Federal taxes - Deductions & credits - Other deductions and credits - Other deductible expense
  • See the image attached

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1 Reply
DianeW
Expert Alumni

On an SSA-1099 form in box 5 it has ($427.89) how do i put that in

This is considered a repayment of your social security.  If you paid tax on part of your social security in the past you can use this as a deduction.  If not, there is nothing to report.

  • Repayment of $3,000 or less.If the amount you repaid was $3,000 or less, deduct it from your income in the year you repaid it. If you must deduct it as a miscellaneous itemized deduction, enter it on Schedule A (Form 1040), line 23. See steps for TurboTax below.
  • Federal taxes - Deductions & credits - Other deductions and credits - Other deductible expense
  • See the image attached

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