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New Member
posted Jul 21, 2019 4:44:10 AM

Can I amend my 2018 taxes to include a lump sum social security disability that is for 2018?

0 3 395
3 Replies
Level 15
Jul 21, 2019 5:16:10 AM

If the SS disability lump sum was received in 2019 it will be reported on your SSA-1099 statement in January of 2020 to be reported on the 2019 tax return.  You do not amend the 2018 tax return to report a lump sum payment received in 2019 even though the payment was for 2018.

New Member
Jul 21, 2019 5:46:14 AM

so that means i could potentially be owing more in taxes than I get as my income is above 60,000! wow that really hurts. i bought there was a  way to disperse the payments? any ideas?

Level 15
Jul 21, 2019 6:57:07 AM

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.