TAXMAN Posted February 21, 2015 Report Posted February 21, 2015 Here is what I have: Box 3 benefits paid 9685.00box 4 benefits repaid 2014 10420.00Box 5 Net benefits 2014 (735)Description of box 3 pd by check 5549.40Deductions for work 3519.00Federal Tax wh 616.60Total Additions 9685.00Description of Box 4 Deductions for work 3519.00Other repayments 6901.00Benefits repaid in 2014 10420.00Tp received benefits in 2013 10056. Taxable amount was 8548.How would you go about handling this in 2014. TP did tell me they kept the 3519 and he sent them a check in July for the 6901. Quote
MsTabbyKats Posted February 22, 2015 Report Posted February 22, 2015 I would enter the Box 5 amount and the withholding amount. All of the transactions are on record at social security...and should be reflected on Box 5. Quote
TAXMAN Posted February 22, 2015 Author Report Posted February 22, 2015 Box 5 amount being a negative number. However some of the repayment was for the prior year I think in trying to figure out the numbers? Quote
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