2007-04-12 05:51:10 · 3 answers · asked by Bell 1 in Business & Finance ➔ Taxes ➔ United States
If the RRB is reported on a RRB1099R you can not claim any of the costs that you contributed until you reach the minimum retirement age as per your employer. SS from the Railroad board is reported on a RRB1099 and is treated the same as benefits paid from SSA.
If you received a RRB 1099R for your Disability it is fully Taxable and should be reported on Line 7 of the 1040A or 1040.
For the SS you should receive a RRB1099 it gets reported on line
20A&20b of the 1040 or line 14A&14B of the 1040A
If Federal Taxes are withheld from either of these they would be found in box 9 of the RRB1099R
Box 10 of the RRB1099
2007-04-12 06:51:58 · answer #1 · answered by Anonymous · 1⤊ 0⤋
The RRB-1099 is treated like social security. The RRB-1099-R is treated as a pension.
2007-04-12 12:27:44 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Were you a rail road employee? It sounds like you had income and also received retirement benefits. You have to report them both as income, one as wages and the other as 'other income' before calculating the AGI. Somewhere between lines 10-22 on the long form (can't remember which)
2007-04-12 06:08:41 · answer #3 · answered by Fancy That 6 · 0⤊ 1⤋