Retired railroad workers can receive two completely different forms for reporting retirement benefits. Unfortunately, they have very similar names and this can cause some confusion on how to enter them into TaxAct®.
Form RRB-1099 reports Social Security Equivalent payments. To enter this information in your TaxAct return:
Form RRB-1099-R reports transactions related to a railroad retirement plan. To enter this information in your TaxAct return:
For more information on Forms RRB-1099 and RRB-1099-R, please refer to IRS Publication 915 Social Security and Equivalent Railroad Retirement Benefits and IRS Publication 575 Pension and Annuity Income.
Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.