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Level 1
February 6, 2021
Question

w-2

  • February 6, 2021
  • 2 replies
  • 4 views

I had no employment in 2020. Just got my retirement and Social Security. Would I still get a W-2?

    2 replies

    Level 15
    February 6, 2021

    You only get a W-2 if you were employed by someone. 

    VolvoGirl
    Level 15
    February 6, 2021

    You should get a 1099R for retirement and a SSA-1099 for Social Security.

     

    ENTER 1099R 

    The easiest way to get to the 1099-R entry screen is to simply search for 1099-R (upper- or lower-case, with or without the dash) in your TurboTax program and then click the "Jump to" link in the search results.

     

    Enter a 1099R under

    Federal Taxes on the left side

    Wages & Income at the top

     

    Then scroll way down to Retirement Plans and Social Security,

    Then IRA, 401(k), Pension Plans (1099R) - click Start or Revisit

     

    If you are filing a Joint return be sure to pick which person it is for.

     

    ENTER SSA-1099 

    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

     

    2020 1040 line 6a is the gross Social Security amount and 6b is the taxable part of Social Security.

     

    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