Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
ladysomerset1
New Member

My husband received SSA Disability check. Last year he received a lump sum that included money for 2015. I'm trying to enter info about the 2015 return and having probl

 
1 Best answer

Accepted Solutions
MiriamF
New Member

My husband received SSA Disability check. Last year he received a lump sum that included money for 2015. I'm trying to enter info about the 2015 return and having probl

TurboTax will want to know if you want to make a Lump Sum Election. This election allows you to distribute the money over two years, which may reduce how much of your SS benefit is taxable.

If you have specific questions about what info you're having trouble with, please reply with a more specific question about the problem.

View solution in original post

1 Reply
MiriamF
New Member

My husband received SSA Disability check. Last year he received a lump sum that included money for 2015. I'm trying to enter info about the 2015 return and having probl

TurboTax will want to know if you want to make a Lump Sum Election. This election allows you to distribute the money over two years, which may reduce how much of your SS benefit is taxable.

If you have specific questions about what info you're having trouble with, please reply with a more specific question about the problem.

Dynamic AdsDynamic Ads
Privacy Settings
v