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February 7, 2020
Question

Is lump sum SS payment taxable in payment year or in year for which it was paid?

  • February 7, 2020
  • 1 reply
  • 0 views

I started receiving SS in 2019.  There was a lump sum payment followed my monthly payments.  The SSA 1099 says that a $$ portion of the lump sum payment was "for 2018".  Can I file an amended tax return for 2018 and report that $$ portion of the lump sum payment in that year instead of 2019?

    1 reply

    February 7, 2020

    You do not need to amend your 2018 tax return.

     

    Please follow the instructions in this TurboTax Help topic to enter your lump sum payment.

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