Lump sum SSA distribution allocation

mfpetti — Thu, 06 Jun 2019 08:27:38 GMT

SSA lump sum distribution applicable to 2017. Does that get added to 2017 SSA 1099?

If you received a lump sum payment during 2017 that was f...

AnnetteB — Thu, 06 Jun 2019 08:27:39 GMT

If you received a lump sum payment during 2017 that was for 2017, then it would be included in the total amount reported for 2017. If you received a lump sum payment during 2017 that was for a prior year or years, then that information is entered into your tax return along with some information from your prior year returns to determine if any of the lump sum is taxable.

Please take a look at the TurboTax article below for more information about Social Security lump sum payments.

https://ttlc.intuit.com/replies/4767454

topic Lump sum SSA distribution allocation in Retirement tax questions

Lump sum SSA distribution allocation

If you received a lump sum payment during 2017 that was f...