Form RRB-1099, Railroad Retirement Benefits
What is Form RRB-1099?
Form 1099-R has several variations for reporting distributions (payments) from retirement benefit and profit sharing plans, IRAs, Insurance contracts, pensions, and annuities.
Form RRB-1099 is one of these 1099-R variations, and it comes in two versions:
- Form RRB-1099 is for the Social Security portion of Railroad Retirement Benefits (the Medicare premium is typically in Box 11)
- Form RRB-1099-R is for the Pension portion of Railroad Retirement Benefits (the Medicare premium is typically in Box 12)
Form RRB-1099 is entered in the same area as the Social Security SSA-1099 form in TurboTax, and is taxed the same way as Social Security benefits.
In TurboTax, jump directly to the entry screen for Form RRB-1099:
- In the TurboTax search box, enter rrb-1099 (with the dash) and press the Enter key,
Then click on the jump to RRB-1099 link.
- On the Social Security Benefits screen, check the button by Yes, let's work on Social Security benefits, then click Continue.
- On the Tell us about the form you received screen, check box by Railroad retirement benefits (Form RRB-1099),
Then in the pop-up boxes, fill in the amounts from your RRB-1099 Form.
- Click Continue and finish the interview.
Form RRB-1099-R reports any RRB Tier 1 and Tier II benefits (treated as pension income) paid to you. This form is entered in the same area of TurboTax as other Form 1099-Rs.
You will need to provide information about the benefit starting date and the non-taxable amount of your payments. Contact your benefit plan administer if you do not have that information.
In TurboTax, jump directly to the entry screen for Form RRB-1099-R:
- In the TurboTax search box, enter rrb-1099-r (with the dashes) and press the Enter key,
Then click on the jump to RRB-1099-R link.
- On the Your 1099-R screen, check the Yes button by Did you have any of these types of income in 2014?, then click Continue.
- Follow the prompts to either import or enter your RRB-1099-R form and finish the interviews.
Codes in box 7 are used to determine correct tax handling. You can see what your code means on the Guide to Distribution Codes table in the IRS Instructions for Forms 1099-R and 5498.
It is rare, but issuers may have used an incorrect code; if you think your code does not match what you believe happened, check with the financial firm issuing the form.
Many states exempt government pensions from state income taxes.
- Some states allow a fixed or computed dollar deduction, or completely exempt federally taxed pensions.
- Some states tax social security and RRB pensions the same as federal.
- Some states tax social security but not RRB.
For additional information about retirement plans and taxes, see these IRS publications: