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A lump-sum payment is simply a one-time Social Security payment that you received for prior-year benefits. When someone is granted disability benefits, for example, they will receive a lump sum to cover the entire time since they first applied for disability; this period could cover months or years.
After you enter your SSA-1099 information, we'll ask if you received a lump-sum Social Security payment. If you didn't receive one, just answer No and move on.
Otherwise, 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.
A lump-sum payment is simply a one-time Social Security payment that you received for prior-year benefits. When someone is granted disability benefits, for example, they will receive a lump sum to cover the entire time since they first applied for disability; this period could cover months or years.
After you enter your SSA-1099 information, we'll ask if you received a lump-sum Social Security payment. If you didn't receive one, just answer No and move on.
Otherwise, 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.
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