Report the amounts on your 2023 Form SSA-1099 on your 2023 return. If you received a lump-sum payment in 2023 that included amounts for 2022, please see this help article for more information and instructions regarding reporting lump-sum Social Security payments in TurboTax.
After you enter your SSA-1099 information, TurboTax will ask if you received a lump-sum Social Security payment. If you did, answer Yes and follow the instructions that appear.
A lump-sum payment is a one-time Social Security payment that you received for prior-year benefits. For example, when someone is granted disability benefits they'll receive a lump sum to cover the entire time since they first applied for disability. This period could cover months or years.
While your lump sum may include benefit payments for more than one year, you do not have to file an amended tax return for any prior year. You might need to pay taxes on a small portion of your lump-sum payment. However, you might be able to avoid these taxes by apportioning prior year benefits to those previous years’ income (still without filing any amended returns). TurboTax will prompt you for the information needed in order to calculate any taxable amount.
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