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Continuing with the forms used to report retirement income, Form RRB-1099, Payments by the Railroad Retirement Board,
and Form RRB-1099R, Annuities or Pensions by the Railroad Retirement Board, are used to report railroad retirement benefits paid to railroad employees under the Railroad Retirement Act. These benefits fall into two categories:
- Tier 1 railroad retirement benefits
- Tier 2 benefits
These categories are treated differently for income tax purposes.
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