SSA-1099, Benefits Repaid

Forum|Forum|7 years ago
June 1, 2019
4 replies
33 views

I received a SSA-1099 for benefits repaid to Social Security. Where do I input the information for the amount i repaid?

TurboTax Deluxe Online

Best answer by PopeyeTheSalior

If this repayment is made for prior years, and the figure is $3000 or less, it is a miscellaneous itemized deduction and can no longer be deducted due to the new tax law TCJA.

To enter an amount more than $3,000, here are the steps:

Sign into your account, select Pick up where you left off
From the top, select tab Federal taxes / Deductions & Credits
Scroll down to section Other Deductions and Credits, to the right, expand Show more
Scroll down to Other Deductible Expenses, select Start, follow the prompts
On-screen, Less Common Expenses, answer Yes
On-screen, Enter More Expenses, enter your repayment amount

PopeyeTheSalior

Level 13

Is the repayment for 2016 or prior years ?

jheckermAuthor

Level 2

The repayment is for benefits paid to us in previous years.

PopeyeTheSaliorAnswer

Level 13

If this repayment is made for prior years, and the figure is $3000 or less, it is a miscellaneous itemized deduction and can no longer be deducted due to the new tax law TCJA.

To enter an amount more than $3,000, here are the steps:

Sign into your account, select Pick up where you left off
From the top, select tab Federal taxes / Deductions & Credits
Scroll down to section Other Deductions and Credits, to the right, expand Show more
Scroll down to Other Deductible Expenses, select Start, follow the prompts
On-screen, Less Common Expenses, answer Yes
On-screen, Enter More Expenses, enter your repayment amount

bruce calcote

Level 2

I REPAID SSI SO THAT I COULD RE START MY SOCIAL SECURITY AT A LATER DATE. I RECEIVED $6,443 IN 2019 AND PAID BACK $14,759. WHICH INCLUDED $8,316 FOR SSI RECEIVED IN 2018. LOOKS LIKE I NEED TO AMEND MY 2018 TAX RETURN.