As stated both my wife in I have negative number in Box No. 5 of our RRB-1099 forms - combined more than -$20,000. Turbo Tax program uses that number in its calculation and reduces my overall taxable income by that amount. Also, Pub 15 notes that the negative amount is not taxable but does not address reduction specifically.
PUB 15 addresses ways to tax credits but less than specific. My SSA -1099 in box 3 and 5 state 62,071, and box 3 also notes that $19,614 of the box 3 amount is paid in 2022 for 2021.
Do I have to override the TurboTax calculate in take the credit for 2022, as well as also take a credit for 2021?
Added info: I started to collect my RRB retirement in 2013 and retired for Social Security purposes in mid 2022.
The RRB-SSA Adjustments seem to have caused this matter, but I need quidance on making sure the tax forms are properly handled.
