Question

When TurboTax was coming to a conclusion some how you gave me an income of $73,896 and I am a widow on SS and a pension that is $14,549 or $1,212.42 a month?

Forum|Forum|5 years ago
March 13, 2021
2 replies
0 views

What details would you like?

TurboTax Live Premier Online

Employee

Be sure you didn't make a data entry mistake, such as comma v. a decimal, when you entered the SSA-1099 and 1099-R forms.

S

SweetieJean

Employee

I also note that you are using TT Premier. That is a high level program, and used for those that have forms such as 1099-B, K-1; or rental income. Do you have any of those?

1

11foxAuthor

Yes, I am a member of a stock club and each member receives a K-1 at the end of the year. The IRS views the stock club as a partnership.

J

JamesG1

On the partnership K-1, what numbers are reported in boxes 1 through 11? And boxes 12 through 20? Please clarify.

If the income of $73,896 is correct, as much as 85% of the Social Security is likely considered taxable income. See this IRS FAQ.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

When TurboTax was coming to a conclusion some how you gave me an income of $73,896 and I am a widow on SS and a pension that is $14,549 or $1,212.42 a month?

2 replies

Unlock tailored help options in your account

Get answers to all your tax questions

Vos impôts avec un expert

Faites vos impôts vous-même

Situations fiscales

Ressources

Experts at your fingertips

Do it yourself

Business taxes

Tax situations

Resources

Unlock tailored help options in your account

Get answers to all your tax questions

Sign up

Login with SSO

Let's get you signed in

Login with SSO

Scanning file for viruses.

This file cannot be downloaded