JamesG1
Employee Tax Expert

Get your taxes done using TurboTax

In TurboTax Online, at the screen Now let's look at your 2024 form, I am able to enter the $255 which would have been the amount reported in box 5 of your 2024 form SSA-1099.

 

Are you receiving an error message?  Please clarify.

 

This is a separate amount from the amount that was reported on the screen How much was your lump-sum payment for 2024?.  This amount is reported on the 2025 form SSA-1099.

 

The software will use the information to compute the taxable amount of the 2025 lump-sum amount based upon the 2024 tax return information.

 

 

 

 

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