SS-1099

Forum|Forum|1 year ago
March 17, 2025
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My husband received retro SS in 2024, and Box 5 has the total amount he received. However, it does not show the amount after the attorney fees, which were $7500. If I have to claim the entire amount in Box 5, where do I indicate that the $7500 went to the attorney?

Also, I am entering the SS for prior years and it is asking me "Taxable SS benefits in 2021." He didn't receive any SS in 2021, so am I putting zero or am I supposed to put what he just got in 2024 for 2021? It isn't very explanatory.

Best answer by RobertB4444

I think I am doing it correctly. These are the two areas I wanted to confirm:

For the first box, I am putting the entire amount he received in 2024

For this box, I put each of the years we received retro for. I put in my AGI for each year, and the bottom box is the retro amount we received for each prior year, correct? This amount is only for 2021, but I will do this for 21, 22, and 23. Is that correct? We owe about $24K this way, so I just want to make sure!!

You are entering it correctly.

@terimac4

ThomasM125

You can't deduct the attorney fees on your 2024 federal tax return. Per IRS Publication 529, legal fees relating to the collection of taxable income are not currently deductible in 2024: