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Retirement tax questions
If you received a lump-sum payment in 2021 for 2021, then all you need to do is enter the information reported on your Form SSA-1099.
The lump-sum entries that TurboTax asks about pertain to payments made in the current year (2021) that were made for a prior year (2020 or earlier). Those require some special handling to determine whether they are taxable.
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‎February 25, 2022
6:28 AM