- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
I don't have answers about the annuity calcs.
BUT
Some RRB-1099-R forms do have the Medicare payments on them.
And older year's explanation of boxes from the RRB itself (before they renumbered the boxes)....see the BOLD stuff?:
"Box 10 - Medicare Premium Total - This is the total amount of Part B, C, and/or D Medicare premiums deducted from your railroad retirement annuity payments during the tax year indicated on Form RRB-1099-R. This amount is for informational purposes only. Medicare premium refunds are not included in the Medicare total. The Medicare total is normally shown on Form RRB-1099. However, if Form RRB-1099 is not required for the tax year indicated, then the Medicare total will be shown on Form RRB-1099-R. If your Medicare premiums were deducted from your social security benefits; paid by a third party; and/or you paid the premiums by direct billing, your Medicare total will not be shown in this box."
_______________________
So if you also get an RRB-1099 now, you would leave the Medicare premiums box empty on your software's RRB-1099-R (or maybe a zero...try a blank first)