Lump Sum payments are only required to be reported if your SSA-1099 Form has an amount listed for a prior year. If you do not have this on your SSA-1099 Form, you can skip this section.
How do I know if I received a lump-sum payment?
Generally, if you received a lump-sum payment, there will be an amount reported in box 3 of your SSA-1099 Form. The year (or years) the lump-sum payment is for should also be reported on your SSA-1099 Form in the box that states "Description of Amount in Box 3".
How to report a lump-sum payment?
To report your lump-sum payment within the program, please follow these steps:
- Log into your account
- Federal Section (Select My Forms)
- 1099-R, RRB, SSA (Begin)
- Social Security Benefits/RRB-1099 (Begin)
- Lump-Sum Payments (Begin Worksheet)
Additional information on lump-sum payments can be found here.
You may also visit ssa.gov to access information about your benefits.