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sclund
New Member

SS 1099 Lump Sum

My form states “$ paid in 2025 for 2024” - is that a lump sum?

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1 Reply
AnnetteB6
Employee Tax Expert

SS 1099 Lump Sum

Yes, that is a lump sum Social Security payment.  It is a payment received in one tax year that is paid for a previous tax year.

 

Follow the instructions in the TurboTax help article for guidance to enter this into your tax return.

 

What is a lump-sum Social Security payment?
 

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