ts128
Level 1
02-22-2023
04:14 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Form SSA1099 Social Security box 5 included Workers' Comp. Offset making it fully taxable, Can I deduct the workers' comp Offset? if so where
Labels
1 Comment 1
George4Tacks
Level 15
02-22-2023
05:41 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
From Pub 525
If part of your workers' compensation reduces your social security or equivalent railroad retirement benefits received, that part is considered social security (or equivalent railroad retirement) benefits and
may be taxable. See Pub. 554 and Pub. 915, Social Security and Equivalent Railroad Retirement Benefits, for more information.
Start reading. It has been decades since I did this and my eyes are tired.
Answers are easy. Questions are hard!