Turbotax is asking me if i received any lump sum social security payment in 2017 or prior years. I received monthly payments in 2017. Is this considered a lump sum?
Turbotax is asking me if i received any lump sum social security payment in 2017 or prior years. I received monthly payments in 2017. Is this considered a lump sum?
No, your 2017monthly social security payments are not lump-sum payments.
A lump-sum payment is a one-time Social Security payment that you received for prior-year benefits. For example, when someone is granted disability benefits they'll receive a lump sum to cover the entire time since they first applied for disability. This period could cover months or years.
Turbotax is asking me if i received any lump sum social security payment in 2017 or prior years. I received monthly payments in 2017. Is this considered a lump sum?
No, your 2017monthly social security payments are not lump-sum payments.
A lump-sum payment is a one-time Social Security payment that you received for prior-year benefits. For example, when someone is granted disability benefits they'll receive a lump sum to cover the entire time since they first applied for disability. This period could cover months or years.
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