What are the federal tax issues for recipients of the WEP/GPO payments?
thank you for this - the clarification and simple explanation is SO appreciated!
Thank you some much for the direction
Tom how does one determine the amount attributable to 2025 and the prior year?
Will it show on the SSA-1099 FORM
It should be on Form 1099-SSA.
The 1099-SSA will have a footnote indicating payments received during the year for a prior year and the amount.
Lump Sum Election, line 6c is for dependents??
No. Line 6c on Form 1040 is for the election.
Thomas, maybe I'm brain dead today, but as I look at a Form 1040, Line 6 is for dependents??
No, it is not.
to be followed up after tax season, my best
Bobby
I edited the article to add a screenshot with arrow.
Told you I was brain dead, I was looking at a 2024 1040 Rec in my program,(old year format) not the currect 1040 form, (Ultratax)
Have a good weekend, Bobby
thank you for this - the clarification and simple explanation is SO appreciated!
Thank you some much for the direction
Tom how does one determine the amount attributable to 2025 and the prior year?
Will it show on the SSA-1099 FORM
It should be on Form 1099-SSA.
The 1099-SSA will have a footnote indicating payments received during the year for a prior year and the amount.
Lump Sum Election, line 6c is for dependents??
No. Line 6c on Form 1040 is for the election.
Thomas, maybe I'm brain dead today, but as I look at a Form 1040, Line 6 is for dependents??
No, it is not.
to be followed up after tax season, my best
Bobby
I edited the article to add a screenshot with arrow.
Told you I was brain dead, I was looking at a 2024 1040 Rec in my program,(old year format) not the currect 1040 form, (Ultratax)
Have a good weekend, Bobby