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How do you complete Turbo Tax form requesting Adj Gross Inc for Disability Lump sum payments received in 2020 for Prior Years 2016 to 2019 where no tax return was filed?
Received a Lump sum disability settlement in 2020 for years 2014-2020. SSA-1099 for 2020 was the only form received with one Box 5 for all years consolidated which included Attorney Fees and individual breakdowns per year for 2016-2019 with one line stating: "Paid in 2020 for other tax years". As no tax returns were filed, should the number requested in line for “Adjusted Gross Income” and “Taxable SS Benefits” for those years be the amount reported on SSA-1099 received in 2020 even though no actual income was received in those years?
February 16, 2025
10:46 AM