topic Re: Form SSA-1099 in Retirement tax questions

Form SSA-1099

doherty3208Tax — Tue, 30 Mar 2021 18:21:43 GMT

Hello - I applied for SS last year and received my first SS payment in December 2020. In January 2021, I decided to withdraw from SS and paid back the December 2020 payment. I received a Form SSA-1099 for 2020 showing I received the payment in 2020. Since I paid back the payment, do I still need to claim the December SS payment on my 2020 Tax return? Or do I have to wait until 2021 tax return and make the amendments? Thank you.

Re: Form SSA-1099

MayaD — Tue, 30 Mar 2021 19:03:27 GMT

You still have to report the SSA-1099 on your 2020 return and you will report the repayment on next year's tax return since you repaid the benefits in 2021.

Re: Form SSA-1099

doherty3208Tax — Fri, 02 Apr 2021 12:59:34 GMT

Thank you!