Enter your SSA as usual. There will be a space for your withholding.
After
you enter your 2018 SSA-1099 information, we'll ask if you received a lump-sum
Social Security payment. Answer Yes and
follow the onscreen instructions. (See the attached screenshot below. Click to
enlarge.)
Your
SSA-1099 lump-sum section breaks down the payments into what amount was
received for each preceding year. You can only enter one year at a time.
Start with 201x. (See the attached
screenshot below. Click to enlarge.)
On
the next screen, Enter your 201x lump-sum
payments received in 2018 (See the attached screenshot below. Click to
enlarge.) and Continue
On
the next screen, Tell Us About Payments Received in 201x (probably leave blank) and Continue
On
the Tell Us
About Your 201x Income enter your 2015 income as required (See
the attached screenshot below. Click to enlarge.) and Continue
When
finished with 201x, click Add Another Lump
Sum if you need to enter benefits received for a different tax
year (201y)
Now
simply do the same thing that you just did for 201x, but use the relevant
numbers for the next year (e.g.201y).
While
your lump sum may include benefit payments for more than one year, you do not
have to file an amended tax return for any prior year. You might need to pay
taxes on a small portion of your lump-sum payment. However, you might be able
to avoid these taxes by apportioning prior year benefits to those previous
years’ income (still without filing any amended returns).
After
you enter your lump-sum Social Security payment information, TurboTax will
automatically figure what if any taxes you owe due to the lump-sum
payment.
