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Retirement tax questions
Go to this IRS website for information on SS lump sum payments and how to calculate the taxable portion using the worksheets in Publication 915 - https://www.irs.gov/faqs/social-security-income/back-payments/back-payments
Note that TurboTax can calculate the taxable portion of any SS lump sum payment in the Retirement Plans and Social Security section of the program under Wages and Income.
‎July 21, 2019
6:57 AM
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