Page 37 - Individual Forms & Instructions Guide

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The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.
annuity starting date was after 1997 and see the instructions for Schedule 2, Social security information.
the payments are for your life and that of line 8. TIP Social security beneficiaries
your beneficiary, use your combined Enter the total distribution on line 5a can now get a variety of infor-
ages on the annuity starting date. and the taxable part on line 5b. For de- mation from the SSA website with a my
If you are the beneficiary of an em- tails, see Pub. 575. Social Security account, including get-
ployee who died, see Pub. 575. If there If you or the plan participant ting a replacement Form SSA‐1099 if
is more than one beneficiary, see Pub. was born before January 2, needed. For more information and to set
575 or Pub. 721 to figure each benefi- TIP 1936, you could pay less tax on up an account, go to SSA.gov/
ciary's taxable amount. myaccount.
the distribution. See Form 4972.
Disability payments. Don’t include in
Cost your income any disability payments
Your cost is generally your net invest- Lines 6a, 6b, and 6c (including Social Security Disability In-
ment in the plan as of the annuity start- Lines 6a and 6b surance (SSDI) payments) you receive
ing date. It doesn't include pre-tax con- for injuries incurred as a direct result of
tributions. Your net investment may be Social Security Benefits a terrorist attack directed against the
shown in box 9b of Form 1099-R. You should receive a Form SSA-1099 United States (or its allies), whether out-
showing in box 3 the total social securi- side or within the United States. In the
Rollovers ty benefits paid to you. Box 4 will show case of the September 11 attacks, inju-

Generally, a rollover is a tax-free distri- the amount of any benefits you repaid in ries eligible for coverage by the Septem-
ber 11 Victim Compensation Fund are
bution of cash or other assets from one 2022. If you received railroad retirement
retirement plan that is contributed to an- benefits treated as social security, you treated as incurred as a direct result of
the attack. If these payments are incor-
other plan within 60 days of receiving should receive a Form RRB-1099.
the distribution. However, a rollover to a Use the Social Security Benefits rectly reported as taxable on Form
SSA-1099, don't include the nontaxable
Roth IRA or a designated Roth account Worksheet in these instructions to see if
is generally not a tax-free distribution. any of your benefits are taxable. portion of income on your tax return.
You may receive a notice from the IRS
Use lines 5a and 5b to report a rollover, Exception. Do not use the Social Se-
including a direct rollover, from one curity Benefits Worksheet in these in- regarding the omitted payments. Follow
the instructions in the notice to explain
qualified employer's plan to another or structions if any of the following ap-
to an IRA or SEP. that the excluded payments aren't taxa-
plies. ble. For more information about these
Enter on line 5a the distribution from • You made contributions to a tradi- payments, see Pub. 3920.
Form 1099-R, box 1. From this amount, tional IRA for 2022 and you or your
subtract any contributions (usually spouse were covered by a retirement Example. Taxpayer X, a firefighter,
shown in box 5) that were taxable to you plan at work or through self-employ- was disabled as a direct result of the
when made. From that result, subtract ment. Instead, use the worksheets in September 11 terrorist attack on the
the amount of the rollover. Enter the re- Pub. 590-A to see if any of your social World Trade Center. X began receiving
maining amount on line 5b. If the re- security benefits are taxable and to fig- Social Security Disability Insurance
maining amount is zero and you have no ure your IRA deduction. (SSDI) benefits at age 54. X's full retire-
other distribution to report on line 5b, • You repaid any benefits in 2022 ment age for social security retirement
enter -0- on line 5b. Also enter "Roll- and your total repayments (box 4) were benefits is age 66. X's birthday is April
over" next to line 5b. more than your total benefits for 2022 25. In the year X turned 66, X received
$1,500 per month in benefits from the
See Pub. 575 for more details on roll- (box 3). None of your benefits are taxa- Social Security Administration (for a to-
overs, including special rules that apply ble for 2022. Also, if your total repay- tal of $18,000). Because X became eligi-
to rollovers from designated Roth ac- ments in 2022 exceed your total benefits ble for a full retirement benefit in May,
counts, partial rollovers of property, and received in 2022 by more than $3,000, the month after X turned 66, X can ex-
distributions under qualified domestic you may be able to take an itemized de- clude only four months (January through
relations orders. duction or a credit for part of the excess April) of their annual benefit from their
repayments if they were for benefits you income ($6,000). X must report the re-
Lump-Sum Distributions included in income in an earlier year. maining $12,000 on line 6a. X must also
For more details, see Pub. 915.
If you received a lump-sum distribution complete the Social Security Benefits
• You file Form 2555, 4563, or
from a profit-sharing or retirement plan, 8815, or you exclude employer-provided Worksheet to find out if any part of the
your Form 1099-R should have the "To- adoption benefits or income from sour- $12,000 is taxable.
tal distribution" box in box 2b checked. ces within Puerto Rico. Instead, use the Form RRB-1099. If you need a
You may owe an additional tax if you worksheet in Pub. 915. TIP replacement Form RRB-1099,
received an early distribution from a call the Railroad Retirement
qualified retirement plan and the total Board at 877-772-5772 or go to
amount wasn't rolled over. For details, www.rrb.gov.

Need more information or forms? Visit IRS.gov. -30-