Do I indicate I received a lump sum payment that is included in box 3 but noted in description as paid in 2025 for 2024?

srgjoyce-yahoo-com · ‎January 28, 2026

I believe this was cause by a CSRs decision for retirement

PatriciaV · ‎January 28, 2026

Yes, you should enter the lump sum payment received in 2025 even if it was designated for 2024. However, you can choose to use the lump sum method to figure the tax on the amount for 2024 if you believe your tax rate was lower that year.

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PatriciaV · ‎January 28, 2026

Yes, you should enter the lump sum payment received in 2025 even if it was designated for 2024. However, you can choose to use the lump sum method to figure the tax on the amount for 2024 if you believe your tax rate was lower that year.

Additional information:

**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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Do I indicate I received a lump sum payment that is included in box 3 but noted in description as paid in 2025 for 2024?