SSA-1099 line 5 amount includes funds that were taxed and paid in prior years. Using 2018 Turbo Tax Deluxe, I have entered the prior years amounts as directed and my 2018 taxable obligaion has increased by thousands $$$. Having already paid all taxes due on the lump sum during the years due to all SSA-1099 statements including a setback as taxable, why does the software treat the lump sum as taxable in 2018?
What am I missing?
Thanks
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Because you have to enter more information into the program for it to differentiate the income.
Please see below.
Because you have to enter more information into the program for it to differentiate the income.
Please see below.
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