Question: Due to a computation error, Myra, a single taxpayer, had to repay social security benefits that she received and included in her gross income in

Due to a computation error, Myra, a single taxpayer, had to repay social security benefits that she received and included in her gross income in a prior year. In 2019, she repaid $2,800 more than she received in benefits. Assuming general rules and circumstances

, choose the statement that best describes how Myra should report this repayment on her 2019 return.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!