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Level 3
April 29, 2020
Solved

form for Social Security benefits does not use the repaid bebefits properly

  • April 29, 2020
  • 6 replies
  • 27 views

Repaid SS benefits are negative  but are not showing up on the 1040 front page, not calculating correctly, why?

This topic has been closed for replies.
Best answer by Just-Lisa-Now-

What is section 1341 repayments claim of rights on Pro Series Basic?


You'll have to research it and see if calculating it that way it will benefit your client or not..it's not "on ProSeries Basic".

Use Google    "Section 1341 Repayment - Claim of Right/Social Security Repayment"

6 replies

Just-Lisa-Now-
Intuit Community Champion
April 30, 2020

Repaid SS benefits will only reduce current paid SS benefits (just like unemployment benefits), otherwise you need to look into Section 1341 Repayments-Claim of Right.  

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
shirleymAuthor
Level 3
April 30, 2020

He had no current benefits this year only the repayment. He was taxed last year on SS benefits and received them due to illness. Now only repaid benefits on the SS form.

 

shirleymAuthor
Level 3
April 30, 2020

What is section 1341 repayments claim of rights on Pro Series Basic?