RRB-1099

[DEO]

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.

[Lynn EA USTCP in Louisiana]

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