wendijaclene
Level 2
02-18-2024
01:30 PM
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Let me back this up a little bit - - the taxpayer retired this year. Has a RRB-1099 and an RRB-1099-R. According to the how to enter instructions in ProConnect. I entered the RRB-1099 in the Social Security screen (there is a spot for that and it makes sense as to why it belongs there).
If I enter the Gross Benefit amount in the RRB-1099-R then the taxpayer is being taxed twice on the same income. However, that does begin the calculation (simplified method) for tracking the reduction in the employee contributions.
Thoughts? Suggestions??