topic SSA-1099, Benefits Repaid in Retirement tax questions

SSA-1099, Benefits Repaid

jheckerm — Sat, 01 Jun 2019 05:04:46 GMT

I received a SSA-1099 for benefits repaid to Social Security. Where do I input the information for the amount i repaid?

Is the repayment for 2016 or prior years ?

LinaJ2018 — Sat, 01 Jun 2019 05:04:46 GMT

Is the repayment for 2016 or prior years ?

The repayment is for benefits paid to us in previous years.

jheckerm — Sat, 01 Jun 2019 05:04:48 GMT

The repayment is for benefits paid to us in previous years.

If this repayment is made for prior years, you would need...

LinaJ2018 — Mon, 13 Apr 2020 19:14:41 GMT

If this repayment is made for prior years, and the figure is $3000 or less, it is a miscellaneous itemized deduction and can no longer be deducted due to the new tax law TCJA.

To enter an amount more than $3,000, here are the steps:

Sign into your account, select Pick up where you left off
From the top, select tab Federal taxes / Deductions & Credits
Scroll down to section Other Deductions and Credits, to the right, expand Show more
Scroll down to Other Deductible Expenses, select Start, follow the prompts
On-screen, Less Common Expenses, answer Yes
On-screen, Enter More Expenses, enter your repayment amount

Re: SSA-1099, Benefits Repaid

SIGEUR — Mon, 24 Feb 2020 21:34:18 GMT

I REPAID SSI SO THAT I COULD RE START MY SOCIAL SECURITY AT A LATER DATE. I RECEIVED $6,443 IN 2019 AND PAID BACK $14,759. WHICH INCLUDED $8,316 FOR SSI RECEIVED IN 2018. LOOKS LIKE I NEED TO AMEND MY 2018 TAX RETURN.