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RRB lump sum payment information 2024/2025

Do I have a lump sum payment in 2024? My 2025 RRB 1099 only shows an amount in 2025, lines 3,5.  (My 2024 form shows an amount in Lines 3, 5, which I entered last year).

My wife, a spousal beneficiary, shows amounts in 2025, lines 3,5. However, she also has an amount in line 7 of 2025, "the Social Secuitiy Equivalent Benefit Portion of Tier 1 paid for 2024." Do I put that line 7 amount in Turbo Tax as the 2024 lump sum? And mine would be "0" since I don't have a box 7? Turbo Tax then asks for the 2024 information in Box 5, which I entered.

The Fairness Act has really stumped me.

Thank you

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1 Reply
ThomasM125
Expert Alumni

RRB lump sum payment information 2024/2025

Yes, the amount in box 7 on your SSA-1099 would report lump sum social security benefits from 2024 that you received in 2025.

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