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duh106
Level 1

SSA-1099-SM includes lump payment

SSA-1099-SM do you subtract out a lump payment from a previous year when you enter the box 5 amount?

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‎February 5, 2020 9:44 AM
last updated ‎February 05, 2020 9:44 AM
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JohnB5677
Expert Alumni
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SSA-1099-SM includes lump payment

The SSA-1099-SM you have represents distributions obtained in the current year (2019).  Lump sums and monthly payments should all be reported.  Social Security will be reported under   

  1. INCOME
  2. I'll choose what I Work on
  3. Scroll down to Retirement
  4. Select Social Security

Then continue through the questions.

 

 

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‎February 6, 2020 2:39 PM
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