Lump Sum Social Security

[Kdavis49]

When entering information from SSA-1099 I have lump sum distributions list for tax year 2020-2023, this is also an amount for 'Other Tax Year'.  How do I enter that amount without a year?

[LindaS5247]

Generally, if you have received a lump-sum payment from Social Security there will be an amount in box 3 of your SSA-1099 Form. The years for which the lump-sum payment is for should also be reported on your SSA-1099 Form, in the box that states "Description of Amount in Box 3".

The amount in box 5 shows your net benefits for 2024 (box 3 minus box 4). Box 5 is used to figure out whether any of your benefits are taxable. You will only have to enter Box 5 & 6 in TurboTax along with Medicare premiums reported in the description box for Box 3.

To enter your Form SSA-1099 in TurboTax you can do the following:

1. Click on the search icon in the upper right of your TurboTax screen.
2. Type "SSA-1099" in the search box 
3. Click on the link "Jump to SSA-1099"
4. Follow your TurboTax screens and answer all follow-up questions

Your TurboTax screens will look something like this:

Check box "Description of Amount in Box 3" for the years:

Click here for "Where do I enter an SSA-1099, SSA-1099-SM, or SSA-1099-R-OP1?"