Follow the steps below for a Lump Sum payment from Social Security.
After you enter your SSA-1099 information, TurboTax will ask if you received a lump-sum Social Security payment.
Answer Yes and follow the onscreen instructions. 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; when finished, click Add Another Lump Sum if you need to enter benefits received for a different tax year.
- After you enter your 2019 SSA-1099 information, we'll ask if you received a lump-sum Social Security payment. Answer Yes and follow the onscreen instructions.
- 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. (earliest year)
- On the next screen, Enter your 201x lump-sum payments received in 2019 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)
