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jlbiery1
New Member

Where do I report a Treasury Benefit Payment Offset payment for the year in the amount of $$1,070.55?

 
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SabrinaD2
Employee Tax Expert

Where do I report a Treasury Benefit Payment Offset payment for the year in the amount of $$1,070.55?

If the Treasury Benefit Offset amount was related to Social Security, report the total benefits as shown on your SSA-1099. 

 

If the offset was to reduce a tax refund, no separate reporting is needed; just file your return as normal.

 

To enter an SSA-1099 in TurboTax, follow these steps:

  1. Log in to TurboTax:
    1. Make sure you are logged in to TurboTax.
    2. Open or continue your return.
  2. Navigate to the Social Security benefits section:
    1. TurboTax Online/Mobile: Click here and Go to the Social Security benefits section.
  3. Enter your SSA-1099 information:
    1. On the screen "Did you receive Social Security or Railroad Retirement benefits in 20XX?" answer Yes and select Continue.
    2. On the next screen, check the box beside Social Security benefits (Form SSA-1099), then enter the amounts from your form(s) in the boxes provided.
    3. If you received multiple SSA-1099s, add up the amounts for each box and enter them together.
    4. Don't include SSA-1099s for dependents. Those should be reported on the dependent's return, but only if they are required to file a return (this is uncommon).
    5. Select Continue and follow the onscreen instructions.

 

 

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