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Find where should tom report tier benefit

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Reference no: EM132675472

Problem 1: Tom is a retired railroad worker and receives both Tier I and Tier II Railroad Retirement benefits. His Tier I Railroad Retirement benefits are reported on Form RRB-1099. Where should Tom report his Tier I benefit?

Select one:

a. Schedule 1 (Form 1040), line 21
b. They are not taxable.
c. Form 1040, line 4a and b. This answer is incorrect. Form 1040 lines 4a and 4b are used for reporting pensions and annuities. You would not report Tier I Railroad Retirement benefits on these lines.
d. Form 1040, line 5a and 5b

Reference no: EM132675472

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