SSA-1099 box 5 is $68,406 (of which is $3,876 for 2012; $15,812 for 2013; $16,056.00 for 2014; $16,332 for 2015) does it all count in 2016?

posted

Connect with an expert

1 Best answer

Accepted Solutions

SSA-1099 box 5 is $68,406 (of which is $3,876 for 2012; $15,812 for 2013; $16,056.00 for 2014; $16,332 for 2015) does it all count in 2016?

Yes, if you received it all in 2016 it's all taxable in 2016. The fact that some of the benefits relate to prior years doesn't change that fact that you received the payments in 2016.

View solution in original post

1 Reply

SSA-1099 box 5 is $68,406 (of which is $3,876 for 2012; $15,812 for 2013; $16,056.00 for 2014; $16,332 for 2015) does it all count in 2016?

Yes, if you received it all in 2016 it's all taxable in 2016. The fact that some of the benefits relate to prior years doesn't change that fact that you received the payments in 2016.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

SSA-1099 box 5 is $68,406 (of which is $3,876 for 2012; $15,812 for 2013; $16,056.00 for 2014; $16,332 for 2015) does it all count in 2016?

SSA-1099 box 5 is $68,406 (of which is $3,876 for 2012; $15,812 for 2013; $16,056.00 for 2014; $16,332 for 2015) does it all count in 2016?

SSA-1099 box 5 is $68,406 (of which is $3,876 for 2012; $15,812 for 2013; $16,056.00 for 2014; $16,332 for 2015) does it all count in 2016?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

SSA-1099 box 5 is $68,406 (of which is $3,876 for 2012; $15,812 for 2013; $16,056.00 for 2014; $16,332 for 2015) does it all count in 2016?

Do you have an Intuit account?

SSA-1099 box 5 is $68,406 (of which is $3,876 for 2012; $15,812 for 2013; $16,056.00 for 2014; $16,332 for 2015) does it all count in 2016?

SSA-1099 box 5 is $68,406 (of which is $3,876 for 2012; $15,812 for 2013; $16,056.00 for 2014; $16,332 for 2015) does it all count in 2016?

Unlock tailored help options in your account.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert