Verojay
Returning Member

Retirement tax questions

Hello!

 

yes, it’s broken up by year. Maybe I’m being confusing. If so, I apologize!

 

Screen says: Amount of 2017 lump sum received in 2020. That’s where I put the 2017 amount. I have 2017, 2018, and 2019 split up at the bottom of my 1099 SA.  

 

Then it says: If X received benefits in 2017 that were already reported on your 2017 tax return, there will be in amount in box 5 of your Form 1099 SA.

 

This is the one I’m taking about. On my 1099 form it shows the amount I was paid for me and the kids, for all years. do I use that number in box 5, for all years I’m imputing in for lump sums? On my past tax forms for those years, I input what my private disability insurance paid. And then I owed taxes on that. Does that make sense?

 

Thanks again!