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I am not trying to update the version of turbo tax I am using. TurboTax automatically generates a Form 1040 based on the answers to questions it asks me. It automatically entered a value for line 6a and 6b which are incorrect. I need to override the value that is automatically created and enter the correct value. How do I do this?
I am not trying to update the version of turbo tax I am using. TurboTax automatically generates a Form 1040 based on the answers to questions it asks me. It automatically entered a value for line 6a and 6b which are incorrect. I need to override the
@peteraconnor wrote:
I am not trying to update the version of turbo tax I am using. TurboTax automatically generates a Form 1040 based on the answers to questions it asks me. It automatically entered a value for line 6a and 6b which are incorrect. I need to override the
On the Form 1040 Line 6a is the Social Security benefits you entered from the SSA-1099 you received from the Social Security Administration. Line 6b is the taxable amount of the SS benefits based on the other income you reported on your tax return. This is calculated by the TurboTax program based on the IRS rules and the US Internal Revenue Code.
Up to 85% of Social Security Retirement/Disability/Survivors benefits becomes taxable when all your other income plus 1/2 your social security reaches:
If you incorrectly entered the amount of Social Security benefits you received, go back to the SS section.
To enter Social Security benefits reported on form SSA-1099
Or enter ssa-1099 in the Search box located in the upper right of the program screen. Click on Jump to ssa-1099
I got a lump sum payment in 2021 that covers the years 2021, 2020 and 2019. I entered that information into TurboTax and it calculated box 6b and entered a number based on the default method of calculating this value. However, I followed the instructions I got from the IRS website which said I could use an alternative method if that would reduce my taxes. I did that method and found that it did indeed reduce my taxes. However, I have no way to enter that data into TurboTax.
It is unclear to me why TurboTax did not use the alternate method of calculation. Please advise.
@peteraconnor wrote:
I got a lump sum payment in 2021 that covers the years 2021, 2020 and 2019. I entered that information into TurboTax and it calculated box 6b and entered a number based on the default method of calculating this value. However, I followed the instructions I got from the IRS website which said I could use an alternative method if that would reduce my taxes. I did that method and found that it did indeed reduce my taxes. However, I have no way to enter that data into TurboTax.
It is unclear to me why TurboTax did not use the alternate method of calculation. Please advise.
Contact TurboTax support for this issue.
See this TurboTax support FAQ for contacting support - https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632
Support can also be reached by messaging them on these pages https://www.facebook.com/turbotax/ and https://twitter.com/TeamTurboTax