topic Ssa1099 lump sum for a previous year included. Can I enter it all on 2017? Do I need to amend 2016 or will it be taken care of on 2017 return? in After you file

Ssa1099 lump sum for a previous year included. Can I enter it all on 2017? Do I need to amend 2016 or will it be taken care of on 2017 return?

epfortmiller — Thu, 06 Jun 2019 13:36:16 GMT

If the lump sum payment is shown on the SSA-1099 for 2017...

DoninGA — Thu, 06 Jun 2019 13:36:18 GMT

If the lump sum payment is shown on the SSA-1099 for 2017 the TurboTax program will ask about lump sum payments when you enter the SSA-1099

Almost all taxpayers are calendar year filers and cash-ba...

ScruffyCurmudgeon — Thu, 06 Jun 2019 13:36:19 GMT

Almost all taxpayers are calendar year filers and cash-basis - not accrual. You report income and expenditures in the year the transaction occurred.

Payments for income of prior years but received in a following year are reported in the year received. This should be represented in the SSA-1099 that you have received (yes, they are already sent).