Question: Taxpayer, a single filer, applied for Social Security disability in 2023 but was not approved until 2024. The SSA-1099 includes a lump-sum payment of

Taxpayer, a single filer, applied for Social Security disability in 2023 but

Taxpayer, a single filer, applied for Social Security disability in 2023 but was not approved until 2024. The SSA-1099 includes a lump-sum payment of $24,000 for tax year 2023. Is this statement correct? Is this a correct option? Taxpayer correctly did not file a tax return for 2023 because gross income was below the minimum to be required to file. Based on this Information, the lump-sum Social Security payment is not taxable. This question may have more than one sub-question, which will be delivered one at a time on confirmation of your answer

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The rejection reason indicates that the taxpayers gross income for 2023 was below the minimum required to file a tax return suggesting the lumpsum Soc... View full answer

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