Box 5 is the amount from box 3 minus box 4. Enter that amount in box 5 if a positive number.
Thank you. Box 5 is shaded in black. So, since that box is the difference between box 3 and 4, should I enter the amount showing in Box 3 instead?
The Turbo tax screen says to enter box 5.
Never seen a box 5 blacked out on a Form SSA-1099. Did you receive this form directly from the Social Security Administration mailed to your home address?
Yes, enter the amount shown in box 3 for the amount in box 5.
I would go online and get another copy of the SSA-1099. Did it come in the mail that way? Box 5 is actually shaded in pink or red. Yours must be too dark. I can read some of the text in it.
SSA get a copy of your 1099 form
https://www.ssa.gov/manage-benefits/get-tax-form-10991042s
Thanks so much! Yes it appears dark. I looked more closely at the box and can now see some text in it.
Form SSA-1099-SM has an amount, deductions for work or other deductions, do I need to list this somewhere?
Yes you have to enter the SSA-1099. Is that what you are asking? Where does it show deductions for work or other deductions? You only enter box 5 for benefits and the Medicare deduction and any federal withholding in box 6.
Enter a SSA-1099, SSA-1099-SM or RRB-1099 under
Federal Taxes on the left side or top
Wages and Income
Then scroll down to Retirement Plans and Social Security
Then the second line - Social Security (SSA-1099. RRB-1099) - click the Start or Revisit button
Up to 85% of Social Security becomes taxable when all your other income plus 1/2 your social security, reaches:
Married Filing Jointly: $32,000
Single or head of household: $25,000
Married Filing Separately: 0