Solved: Yes, you will enter it as a regular SSA-1099, by entering...

I received an SSA-1099-SM for a repayment that I am currently making to Social Security. The amount in box 5 is a negative and appears as ($1,800.00). Do I enter this information anywhere on my tax return?

posted

Yes, you will enter it as a regular SSA-1099, by entering it into TurboTax exactly as it appears on the form.

https://ttlc.intuit.com/replies/4767455

View solution in original post

Yes, you will enter it as a regular SSA-1099, by entering it into TurboTax exactly as it appears on the form.

https://ttlc.intuit.com/replies/4767455

When asked to enter my net regular contributions made and distributions taken prior to 2024, can this number be negative if I have taken out more than I have contributed?

in Retirement tax questions

Expert does your taxes

Do it yourself

Resources

Support

Ssa-1099 overpayment

Ssa-1099 overpayment

Ssa-1099 overpayment

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

Ssa-1099 overpayment

Do you have an Intuit account?

Ssa-1099 overpayment

Ssa-1099 overpayment

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