- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
What if the amounts on my SSA-1099 forms exceed the amounts I actually received as documented in my monthly bank statements?
Topics:
posted
October 15, 2019
3:55 PM
last updated
October 15, 2019
3:55 PM
Connect with an expert
Do you have an Intuit account?
You'll need to sign in or create an account to connect with an expert.
2 Replies
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
What if the amounts on my SSA-1099 forms exceed the amounts I actually received as documented in my monthly bank statements?
Why is it different? You probably had withholding taken out and Medicare deducted. Enter the SSA-1099 exactly as shown. You can enter the withholding and Medicare.
October 15, 2019
4:01 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
What if the amounts on my SSA-1099 forms exceed the amounts I actually received as documented in my monthly bank statements?
look down the left side of form SSA-1099, it should reconcile down to what was actually deposited into your bank account; as posted by others, the taxable amount is the top line and then reduced by medicare premiums which should net to what you received in your bank account. it's that gross number that is taxable income
October 17, 2019
2:25 PM
Still have questions?
Make a post