social security lump sum

b72 · ‎February 4, 2024

Why am I being asked by Turbo Tax about a social security lump sum payment for the current year or earlier?!!! and will I be asked that every year? I received a lump sum payout in 2020 which I declared and paid taxes on in that tax year already!

xmasbaby0 · ‎February 4, 2024

The screen is always going to ask that question. If you did not receive a lump sum in 2023, you say no to the question or skip it and keep going.

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DoninGA · ‎February 4, 2024

The TurboTax program has no way to know if and when you received a lump sum payment for the current tax year. That is why the question is asked of everyone who completes a Form SSA-1099. Just answer NO and continue if you did nor receive a lump sum payment in 2023 for your SS benefits.