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Level 1
January 28, 2026
Solved

SS 1099 Lump Sum

  • January 28, 2026
  • 1 reply
  • 15 views

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

    Best answer by AnnetteB6

    Expert Reviewed

    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?
     

    1 reply

    AnnetteB6Answer
    Level 15
    January 28, 2026

    Expert Reviewed

    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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