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PJShore
New Member

How do I know if someone received a lump sum from Social Security in previous years?

I'm doing my father in law's taxes who passed away in Feb and I do not know if he received a lump sum from Social Security before. HELP

3 Replies
BMcCalpin
Level 13

How do I know if someone received a lump sum from Social Security in previous years?

You can see the indication for lump sum on the form SSA-1099.

On this form in box 3, you would see something like (for tax year 2016):

"2015 benefits      $5,000.00"

Of course, the year and the amount will vary.

Also note that you can have multiple years listed here, if the SSA paid money in 2016 for multiple previous years.

Note that the prior year benefits are included in box 5.

The point of the lump sum election is for TurboTax to choose which if two ways of computing the tax would be best for the taxpayer.

Also, the letters "LSE" (Lump Sum Election) often appear on line 20 of the 1040 in the open space to the left of 20b.

PJShore
New Member

How do I know if someone received a lump sum from Social Security in previous years?

Thank you for your reply. Another quick question: IF I SEE NOTHING THAT SAYS 2015 BENEFITS; I CAN TAKE THE EDUCATED GUESS HE DID NOT RECEIVE A LUMP SUM?
BMcCalpin
Level 13

How do I know if someone received a lump sum from Social Security in previous years?

As I noted, it might be for 2014 or 2013 (or even before). But if you don't see anything like that in box 3, then it would be an educated guess that he did not receive anything eligible for lump sum calculations.
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