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duh106
February 5, 2020
Question

SSA-1099-SM includes lump payment

  • February 5, 2020
  • 1 reply
  • 0 views

SSA-1099-SM do you subtract out a lump payment from a previous year when you enter the box 5 amount?

1 reply

JohnB5677
JohnB5677
February 6, 2020

The SSA-1099-SM you have represents distributions obtained in the current year (2019).  Lump sums and monthly payments should all be reported.  Social Security will be reported under   

  1. INCOME
  2. I'll choose what I Work on
  3. Scroll down to Retirement
  4. Select Social Security

Then continue through the questions.

 

 

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