How can I get a form SSA-1099/1042S, Social Security Benefit Statement?

1. Using your online my Social Security account.
2. Calling us at 1-800-772-1213 (TTY 1-800-325-0778), Monday through Friday, 8:00 am – 7:00 pm; or.
3. Contacting your local Social Security office.

How do I report a negative Social Security on my taxes?

This negative figure represents benefits that were included in gross income in an earlier year. If this negative amount is $3000 or less, it is considered a miscellaneous itemized deduction, subject to the 2% of AGI limitation and can be claimed on Schedule A (Form 1040), line 23.

Do you have to report SSA-1099?

If you received Social Security benefits during the tax year, you will receive a Form SSA-1099 from the Social Security Administration. If you have no other income, your benefits may not be taxable and you may not need to file a tax return.

Can a negative amount on SSA-1099 be itemized?

“If the total amount shown in box 5 of all of your Forms SSA-1099 and RRB-1099 is a negative figure, you can take an itemized deduction for the part of this negative figure that represents benefits you included in gross income in an earlier year. If the figure is more than $3,000, you should figure your tax two ways.”

What do you put in box 5 of SSA 1099?

You will be asked to enter the amount reported in Box 5 of your SSA-1099. This amount is your total net benefits, which is the benefits you received (Box 3) minus any benefits you repaid (Box 4). Form SSA-1099 (or SSA-1099-SM) shows the total amount of social security benefits you received during the tax year.

Where to find net benefits on SSA 1099?

You will be asked to enter the amount reported in Box 5 of your SSA-1099. This amount is your total net benefits, which is the benefits you received (Box 3) minus any benefits you repaid (Box 4).

What does a negative amount on a 1099 mean?

A negative amount means you repaid the RRB more than you received or were credited with receiving during the tax year indicated on the Form RRB-1099.