DEO Posted April 8, 2017 Report Share Posted April 8, 2017 Received from client a RRB-1099. Have not done one in a long time. The top portion of the form(blue0Tier 1 benefits), where it says 'client copy', do I have to include that amount in the return. I do not know if I am over reading, but the instructions says it is equivalent to Social Security, whereas in another part of the instructions, my understanding of it says that Tier 1 benefits are not taxable. Your assistance in determining whether it is taxable or not is appreciated The bottom portion (green), RRB-1099-R, portion of it is reportable, Thanks for your help. Quote Link to comment Share on other sites More sharing options...
Lynn EA USTCP in Louisiana Posted April 8, 2017 Report Share Posted April 8, 2017 I keep a primer in the folder of my only client (now ex-client) folder with RRB: blue section - box 5 - social security benefits = report on line 20 of tax return green section - box 7 = gross and taxable amount of pension (akin to boxes 1 and 2 of a regular 1099-R) Also, look to see if there is Tier II. Exclude a portion of the Tier II, using the simplified method Hope this helps, Lynn 1 Quote Link to comment Share on other sites More sharing options...
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