Publication 915 - Social Security And Equivalent Railroad Retirement Benefits - Internal Revenue Service - 2001 Page 12
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28Example. Jane Jackson
Filled-in Worksheet 2. Figure Your Additional Taxable Benefits (From a Lump-Sum
Payment for a Year After 1993)
2000
Enter earlier year
Enter the total amount from box 5 of ALL your Forms SSA–1099 and RRB–1099 for
1.
the earlier year, plus the lump-sum payment for the earlier year received after that
2,000
year
1.
Note: If line 1 is zero or less, skip lines 2 through 20 and enter -0- on line 21.
Otherwise, go on to line 2.
1,000
Enter one-half of line 1
2.
2.
23,000
Enter the adjusted gross income reported on your return for the earlier year
3.
3.
Enter the total of any exclusions/adjustments you claimed in the earlier year for adoption
4.
benefits (Form 8839), qualified U.S. savings bond interest (Form 8815), student loan
interest (Form 1040, line 24, or Form 1040A, line 16 (line 17 in 2000)), foreign earned
income or housing (Form 2555 or Form 2555–EZ), and certain income of bona fide
-0-
residents of American Samoa (Form 4563) or Puerto Rico
4.
-0-
Enter any tax-exempt interest received in the earlier year
5.
5.
24,000
Add lines 2, 3, 4, and 5
6.
6.
-0-
Enter taxable benefits reported on your return for the earlier year
7.
7.
24,000
Subtract line 7 from line 6
8.
8.
Enter $25,000 ($32,000 if married filing jointly for the earlier year; $0 if married filing
9.
separately for the earlier year and you lived with your spouse at any time during the
25,000
year)
9.
-0-
10.
Subtract line 9 from line 8, if zero or less, enter -0-
10.
Note: If line 10 is zero or less, skip lines 11 through 20 and enter -0- on line 21.
Otherwise, go on to line 11.
Enter $9,000 ($12,000 if married filing jointly for the earlier year; $0 if married filing
11.
separately for the earlier year and you lived with your spouse at any time during the
year)
11.
Subtract line 11 from line 10. If zero or less, enter -0-
12.
12.
Enter the smaller of line 10 or line 11
13.
13.
14.
Enter one-half of line 13
14.
15.
Enter the smaller of line 2 or line 14
15.
16.
Multiply line 12 by 85% (.85). If line 12 is zero, enter -0-
16.
17.
Add lines 15 and 16
17.
18.
Multiply line 1 by 85% (.85)
18.
19.
Refigured taxable benefits. Enter the smaller of line 17 or line 18
19.
20.
Enter taxable benefits reported on your return for the earlier year (or as refigured due
to a previous lump-sum payment for the year)
20.
21.
Additional taxable benefits. Subtract line 20 from line 19. Also enter this amount on
-0-
line 19 of Worksheet 4
21.
Note: Do not file an amended retur n for this earlier year. Complete a separate Worksheet 2 or
Worksheet 3 for each earlier year for which you received a lump-sum payment in 2001.
Page 12
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