When you have a lump sum covering two previous years plus the current year 2019 do you enter the total from Box 5 of your 2019 SSA-1099 or only the 2019 portion?
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1 Best answer
DoninGA
Level 15
Jul 9, 2020 10:35:07 AM
You enter the amount that is in box 5 of the SSA-1099. The TurboTax program will ask if you received a Lump Sum payment. Indicating Yes will take you through interview section to allocate the lump sum payment.
1 Replies
DoninGA
Level 15
Jul 9, 2020 10:35:07 AM
You enter the amount that is in box 5 of the SSA-1099. The TurboTax program will ask if you received a Lump Sum payment. Indicating Yes will take you through interview section to allocate the lump sum payment.