Interplay of Taxable Social Security and NOL Deduction

[aauccpa]

The Percentage (up to 85%) of Social Security that is taxable is locked in by "provisional income" before the NOL is applied.  The NOL only reduces overall taxable income, not the portion of Social Security Benefits considered taxable. Is this correct? If it is, Intuit's taxable Social Security Benefits is incorrect.

[Terry53029]

Not correct, a NOL will reduce AGI, and taxable SS

[abctax55]

And... beware that it can turn into a 'circular' computation (similar to the SEHI situation).

[aauccpa]

Thank you for your response.

[George4Tacks]

One of the few places that high school algebra has a real life application. Simultaneous equations at work!

https://www.robertsandholland.com/wp-content/uploads/2024/12/Simultaneous-Equations.pdf

[aauccpa]

Thank you! I don't even remember High School 🙂