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February 19, 2021
Question

Do we report the lump sum Edward received in 2019 although we filed on our 2019 taxes for the 2 years lump sum?

  • February 19, 2021
  • 1 reply
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1 reply

February 24, 2021

What was the lump sum payment for?  Social Security, perhaps?

 

If you received the lump sum in 2019 and reported it on your 2019 return you don't have to include it again on your 2020 return.  However, if you received a separate lump sum in 2020, then you would get a SSA-1099 (if it was Social Security) and you would report it on your 2020 return.