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arlene1510
New Member

SSA 1099 box 5 says to enter the net SS benefit. However, the SS 1099 actually has the gross benefit in box 5 including the amt. pd. for Medicare ... is this an error?

 
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rjs
Level 15
Level 15

SSA 1099 box 5 says to enter the net SS benefit. However, the SS 1099 actually has the gross benefit in box 5 including the amt. pd. for Medicare ... is this an error?

No, it's not an error. The "Net Benefits" in box 5 is just the net after subtracting any repayment. As it says in box 5, it is the total benefits in box 3 minus any repayment in box 4.

The amount in box 5 is the net amount that Social Security paid out, after accounting for any repayment. It's not supposed to be the amount you actually received. The fact that some of what they paid went towards your Medicare premiums does not change the fact that they paid it. The Medicare premiums are not supposed to be subtracted from box 5. It's the same as if they sent you the full amount and you wrote a check to Medicare.

You enter the amount in box 5 in TurboTax.

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10 Replies
rjs
Level 15
Level 15

SSA 1099 box 5 says to enter the net SS benefit. However, the SS 1099 actually has the gross benefit in box 5 including the amt. pd. for Medicare ... is this an error?

No, it's not an error. The "Net Benefits" in box 5 is just the net after subtracting any repayment. As it says in box 5, it is the total benefits in box 3 minus any repayment in box 4.

The amount in box 5 is the net amount that Social Security paid out, after accounting for any repayment. It's not supposed to be the amount you actually received. The fact that some of what they paid went towards your Medicare premiums does not change the fact that they paid it. The Medicare premiums are not supposed to be subtracted from box 5. It's the same as if they sent you the full amount and you wrote a check to Medicare.

You enter the amount in box 5 in TurboTax.

arlene1510
New Member

SSA 1099 box 5 says to enter the net SS benefit. However, the SS 1099 actually has the gross benefit in box 5 including the amt. pd. for Medicare ... is this an error?

Thank you ... your answer was very helpful ... now I understand.
fanfare
Level 15

SSA 1099 box 5 says to enter the net SS benefit. However, the SS 1099 actually has the gross benefit in box 5 including the amt. pd. for Medicare ... is this an error?

enter the amount shown in the box on your document.

Maz2021
New Member

SSA 1099 box 5 says to enter the net SS benefit. However, the SS 1099 actually has the gross benefit in box 5 including the amt. pd. for Medicare ... is this an error?

14888 I paid a levy in 2017 for taxes 2018 food stamps which I shouldn’t had to pay back on disibility 

Maz2021
New Member

SSA 1099 box 5 says to enter the net SS benefit. However, the SS 1099 actually has the gross benefit in box 5 including the amt. pd. for Medicare ... is this an error?

Spoiler
Tax levy was for 371.10 box 3 had income set as 14,472.90$
Maz2021
New Member

SSA 1099 box 5 says to enter the net SS benefit. However, the SS 1099 actually has the gross benefit in box 5 including the amt. pd. for Medicare ... is this an error?

Not Medicare for snap 371.90

Maz2021
New Member

SSA 1099 box 5 says to enter the net SS benefit. However, the SS 1099 actually has the gross benefit in box 5 including the amt. pd. for Medicare ... is this an error?

What spoiler 

Mike Lewis26
New Member

SSA 1099 box 5 says to enter the net SS benefit. However, the SS 1099 actually has the gross benefit in box 5 including the amt. pd. for Medicare ... is this an error?

  • 1689
Mike Lewis26
New Member

SSA 1099 box 5 says to enter the net SS benefit. However, the SS 1099 actually has the gross benefit in box 5 including the amt. pd. for Medicare ... is this an error?

1689

ReginaM
Expert Alumni

SSA 1099 box 5 says to enter the net SS benefit. However, the SS 1099 actually has the gross benefit in box 5 including the amt. pd. for Medicare ... is this an error?

No, this is not an error.  TurboTaxes net benefits terminology comes directly from the IRS. 

 

This is from IRS Publication 915 which shows net benefits as defined is the result of subtracting the figure in box 4 for the figure in box 3.  

 

 

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