I retired in 2011 and received some "adjustments" from Social Security in 2012 which were actually adjustments made for when I retired in 2011. When TurboTax asked if I received any "Lump-Sum" payments in 2012 for previous years, I answered yes. TTax wanted to know how much I was paid in 2012 for tax year 2011. I called Social Security to get that answer but they told me to talk to my accountant (TurboTax in my case) about taxes. I can calculate my adjustments from the checks I received but I don't know if this is what TurboTax is looking for. The "adjustments" I received in 2012 for 2011 are included in my SSA-1099 box 5 for 2012. It doesn't change my taxes regardless of what figure I put for Lump-Sum for previous year but since the IRS and Social Security are both Federal entities, I don't want to put the wrong figures in there.
So, what Lump-Sum payments are they looking for????
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