aauccpa
Level 2
‎08-18-2025 04:50 PM

The Percentage (up to 85%) of Social Security that is taxable is locked in by "provisional income" before the NOL is applied.  The NOL only reduces overall taxable income, not the portion of Social Security Benefits considered taxable. Is this correct? If it is, Intuit's taxable Social Security Benefits is incorrect.

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Terry53029
Level 15
Level 15
‎08-19-2025 09:08 AM

Not correct, a NOL will reduce AGI, and taxable SS

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abctax55
Level 15
‎08-19-2025 10:42 AM

And... beware that it can turn into a 'circular' computation (similar to the SEHI situation).

 

HumanKind... Be Both
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aauccpa
Level 2
‎08-19-2025 10:45 AM

Thank you for your response.

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George4Tacks
Level 15
‎08-19-2025 01:53 PM

One of the few places that high school algebra has a real life application. Simultaneous equations at work!

https://www.robertsandholland.com/wp-content/uploads/2024/12/Simultaneous-Equations.pdf


Answers are easy. Questions are hard!
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aauccpa
Level 2
‎08-19-2025 02:07 PM

Thank you! I don't even remember High School 🙂

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