Mark1954
New Member

Social Security - Lump sum or a repay

SS had reduce my SS payments in 2017 for money they told me I was overpaided in 2016.  But for whatever reason a year later they then deposited the $2337 as an extra deposit and I reported on my 2018 Taxes as a lump sum payment.  

I recently received my 2019 SS1099 which has note on bottom $2337 paid in 2019 for 2016. Seems I was using date in my checkbook (12/31/2018) from text message received by bank when doing 2018 taxes. After reviewing bank statement for that period it was officially deposited in my account on the 2nd of Jan 2019 and I'm guessing should have report it in this year tax?

Now I found out it was not a lump sum payment but a repay? Aren't they the same? Do I need to correct 2018 taxes? Report on my 2019 taxes?