When TurboTax asked me if said did I receive it in 2019 or earlier however I received it in September 2020 which was late in the year. I just need to know if I need to amend my return as I submitted it. If it’s ok to report this on next years taxes I would much rather prefer it.
On my form from Social Security it just mentions my regular earnings and did not mention anywhere the one time payment
If your SSA-1099 does not show a lump sum payment for a prior year then when asked if you received a lump sum payment in 2020 your answer to the question is NO.
Ok my form does not show the lump sum anywhere. It just shows my regular earnings. It doesn’t mention the lump sum but I received a one time payment in September 2020. If I can claim this on next years tax return I am not sure.
Turbotax is asking exactly this: We need to know if you received any lump-sum Social Security payments in 2020 for 2019 or earlier?
I received a lump sum payment late in year for 2020, however it was not for any months in 2019. So I am wondering if I just include this amount for next years tax return when I file?
Since you did NOT receive a lump sum for a prior year answer NO and continue. The amount of net SS benefits you received in 2020 is in box 5 of the SSA-1099 and is reported on your 2020 tax return.
Thank you for the information and your help. That is what I originally submitted when I did my taxes on 5/5/2021. I was just worried something was wrong as it has been nearly a month now and I never received my refund yet. I am wondering if at some point I need to contact IRS as I’ve never had take this long before. I really appreciate your helping me with this.
you are grasping at straws to explain your late refund.
you seem confused but there is no reason to be.
see my original answer.
report benefits in the tax year corresponding to the year shown on your tax document.
If you did not do that, then manual examination by a person may be needed, and your refund will be further delayed.