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If I received a one time 6-month SS retro-payment in 2016 is that considered a "lump payment?"

 
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IreneS
Intuit Alumni

If I received a one time 6-month SS retro-payment in 2016 is that considered a "lump payment?"

Yes, that is considered a "lump sum payment."

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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2 Replies

If I received a one time 6-month SS retro-payment in 2016 is that considered a "lump payment?"

Are you working on your 2016 return or your 2017 return?
IreneS
Intuit Alumni

If I received a one time 6-month SS retro-payment in 2016 is that considered a "lump payment?"

Yes, that is considered a "lump sum payment."

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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