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Social Security income not marked as taxable

My wife and I both have social security income but Turbotax H&B is not including it as taxable 

 

Not sure why.

 

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1 Best answer

Accepted Solutions

Social Security income not marked as taxable

A 3,000 loss on line 7 of the form 1040 would do it. That drops you below the minimum where part of 6a gets taxed.   (or...If you have a net loss for Self Employment income, I'm not sure how that might play into it, if at all)

 

Check your Social Security Benefits worksheet in Forms Mode.....that shows what's happening to cause 6b to be a zero.

_________________________

If a loss on line 7 of the 1040 is causing the 6b to be zero......or the SS Benefits worksheet clarifies why 6b is zero, then you can go ahead and continue entering your data.  6b may start changing as you work on it.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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3 Replies

Social Security income not marked as taxable

(edited)   Ahhh...didn't notice that half of 6a was over 32,000.

 

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

Social Security income not marked as taxable

Maybe run a software update? 

One was released mid-day on 10 Feb.

________________________

With Desktop Premier, and 68,000 in 6a I get 1,000 in 6b.  (no other income at all in test file)

 

Any chance some of that $68,508 was catch-up payments for a prior year?  If so, those might be treated differently.....but I wouldn't know the details on that how situation would be treated.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

Social Security income not marked as taxable

A 3,000 loss on line 7 of the form 1040 would do it. That drops you below the minimum where part of 6a gets taxed.   (or...If you have a net loss for Self Employment income, I'm not sure how that might play into it, if at all)

 

Check your Social Security Benefits worksheet in Forms Mode.....that shows what's happening to cause 6b to be a zero.

_________________________

If a loss on line 7 of the 1040 is causing the 6b to be zero......or the SS Benefits worksheet clarifies why 6b is zero, then you can go ahead and continue entering your data.  6b may start changing as you work on it.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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