AmyC
Expert Alumni

Retirement tax questions

The program is trying to figure out what money your received in 2020 is taxable. So, for example: 2017 lump sum of $3,000 received in 2020 is taxable unless you already reported it on your 2017 return.

 

Was it already reported? You state that you had private disability that was taxed. Did you have to pay that amount back? If so, then it was already taxed - because you reported that income in 2017 and then didn't keep that private disability money since you got this money.

 

 

See Back Payments | Internal Revenue Service and What is a lump-sum Social Security payment?

 

@Verojay

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