turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

wisa94780
New Member

MY friend win in gambling and has W-2G form. He has Income Security Income. Can the Prize($ 1800) of gambling affect on Social Security Income?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

MY friend win in gambling and has W-2G form. He has Income Security Income. Can the Prize($ 1800) of gambling affect on Social Security Income?

Once a person has reached their full retirement age, other income does not reduce the social security benefit.  However, additional income can make the social security benefit partly taxable.  There is a formula turbotax will use for this.  If this gambling income is their only other taxable income besides social security, it is not enough to make the social security taxable. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies