turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

tkgodrey
New Member

W2 has amt in box 14 labeled Tier1 and tier2 that we contribute to RR. He is not retired, so this is just our contribution amt. what option do I pick in dropdown box

Did you ever figure this out?  New to Turbo tax but unsure if i report RR1 and RR2 as tax or compensation for the tiers. 

MonikaK1
Expert Alumni

W2 has amt in box 14 labeled Tier1 and tier2 that we contribute to RR. He is not retired, so this is just our contribution amt. what option do I pick in dropdown box

Please see this help article for instructions to enter Form RRB-1099 (blue) and this one for Form RRB-1099-R (green).

 

Railroad workers contribute to a separate retirement program managed by the Railroad Retirement Board (RRB), instead of contributing to Social Security.

 

The form used to report RRB benefits payments depends on the type of payment:

 

  • The Railroad Retirement Board issues blue Form RRB-1099 for Social Security equivalent benefits payments. These payments are entered in the same place as SSA-1099s.
  • The Railroad Retirement Board's green Form RRB-1099-R (Annuities or Pensions) is for non-Social Security equivalent benefits payments. These payments are entered in the same place as 1099-Rs.

@tkgodrey 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

W2 has amt in box 14 labeled Tier1 and tier2 that we contribute to RR. He is not retired, so this is just our contribution amt. what option do I pick in dropdown box

Thank you for the info but I'm referring to the taxes reflected on W-2s and not the income received (1099 R). My husband is not retired yet. 

W2 has amt in box 14 labeled Tier1 and tier2 that we contribute to RR. He is not retired, so this is just our contribution amt. what option do I pick in dropdown box

I reported those line items as taxes under "other" box. Hope this helps 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question