topic Re: SSA-1099 in Retirement tax questions

SSA-1099

d-coulombe — Wed, 25 Mar 2020 18:44:44 GMT

I'm preparing taxes for a disabled friend.

He received an SSA-1099 with $44,332.00 in box #5. Box #3 shows same amount with an asterisk.

The description of amount in box 3 says "paid by check or direct deposit $44,332.00" and "benefits for 2019 $44,332.00"

The asterisk states "includes $17440.00 paid in 2019 for 2018.

Do I enter the $44,332.00 or do I subtract $17,440.00 and enter $26,892.00 which reflects his benefit for 2019 ?

JamesG1 — Wed, 25 Mar 2020 19:08:05 GMT

Follow these directions:

Down the left side of the screen, click on Federal.

Across the top of the screen, click on Income & expenses.

Under Your income and expenses, scroll down to Retirement plans and social security.

Click on Show more to the right.

Click on Start/Revisit to the right of Social Security (SSA-1099).

At the screen Tell us about the benefits you received, enter the information as it is printed on the form.

At the screen Did you receive any lump-sum payments?, click Yes.

In your example, the year was 2018 and the amount was $17,440.

You will have to answer questions about the person’s 2018 tax return.

pabrams47 — Sun, 09 May 2021 11:00:57 GMT

Where to enter SSA- 1099 information

xmasbaby0 — Sun, 09 May 2021 13:55:44 GMT

Go to Federal> Wages & Income>>Retirement Plans and Social Security (SSA1099 and 1099RRB) to enter your SSA1099.