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  1. #1
    Join Date
    Jan 2013
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    2

    Default Long Term Disability Payments Reimbursed from Social Security Lump Sum

    My wife received a lump sum Social Security disability payment last January. After receiving this payment, she had to reimburse the long term disability income company for the money that was paid to her while off.

    Will they send us a 1099 (or other tax form) indicating this money was paid back as we had to pay taxes when the money was received as it was considered to be income.

    Also, because the disability income was for a previous year, will we need to amend our taxes for the year it was paid to us?

    Thanks!!

  2. #2
    Join Date
    Sep 2005
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    Posts
    98,846

    Default Re: Long Term Disability Payments Reimbursed from Social Security Lump Sum

    The disability insurance company should send you a 1099 for last year that is adjusted for the amount recovered from disability. Are you suggesting that the amount recovered from SSD was more than your wife received from the long-term disability company in 2012?

  3. #3
    Join Date
    Jan 2013
    Posts
    2

    Default Re: Long Term Disability Payments Reimbursed from Social Security Lump Sum

    Quote Quoting Mr. Knowitall
    View Post
    The disability insurance company should send you a 1099 for last year that is adjusted for the amount recovered from disability. Are you suggesting that the amount recovered from SSD was more than your wife received from the long-term disability company in 2012?

    Yes, the amount received from SSDI was more than the amount paid back to the disability company.

    Should I expect this 1099 to be sent soon for this years taxes?

    Thanks!!!

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