The Form RRB-1099 tax statement is issued by the U.S. Railroad Retirement Board (RRB) and represents payments made to you in the tax year indicated on the statement. You will need to determine if any of the railroad retirement payments made to you are taxable.

What is the difference between Form RRB 1099 and RRB 1099-R?

The main difference between RRB-1099 and RRB-1099-R is what portions of taxable income they pertain to. One form, RRB-1099, deals with the taxable social security portion of your railroad benefits, while the other form, RRB-1099-R, deals with the taxable pension portion of your benefits.

What is Form SSA-1099 or Form RRB 1099?

A Social Security 1099 or 1042S Benefit Statement, also called an SSA-1099 or SSA-1042S, is a tax form that shows the total amount of benefits you received from Social Security in the previous year.

How to delete Form 1099 are and RRB 1099-R?

To delete a Form 1099-R / Form RRB-1099-R, from the Main Menu of the tax return (Form 1040) select: You will be asked to confirm. Select YES.

What do I need to know about Form 1099-R?

The IRS keeps track of any “trustee-to-trustee” transfers that are made with tax-deferred retirement accounts, so it is important to accurately report the amount that was transferred and the amount that is taxable. Box 1 of Form 1099-R shows the total amount of the retirement fund that was distributed to the taxpayer.

How to enter 1099-R in TaxSlayer Pro?

To Enter Form 1099-R in TaxSlayer Pro, from the Main Menu of the tax return (Form 1040) select: (If the tax document is a RRB-1099-R, click here for the next steps.) Enter the Payer’s EIN from the Form 1099-R along with the Employer’s Name, Address, and Zip Code.

How to report a rollover on Form 1099?

Enter the amount from box 1, Gross Distributions, into box 1 on the Form 1099-R window. Enter the taxable amount in box 2a. Reporting A Rollover – If all or part of the distribution was rolled over: Reduce the taxable amount in Box 2a by the amount that was rolled over. If the entire distribution was rolled over, enter 0 as the taxable amount.