IRS Form 1099-G, Box 5 RTAA Payments (Re-employment Trade Assistance Adjustment)
Desktop · Written guide Content date 1 min read
Reemployment trade adjustment assistance is a supplement available to certain individuals who have lost their jobs due to foreign trade. RTAA functions as a wage supplement that pays up to 50% of the difference in wages to eligible workers aged 50 or older who obtain new employment that pays less than their trade-affected employment.
RTAA receipts are considered a cash benefit and not earned wages. An individual who received RTAA payments totaling more than $600 will be issued a 1099-G with the total amount in Box 5. RTAA payments are treated as Other Income on Schedule 1 (Form 1040).
To enter RTAA payments in Tax Processors Plus Desktop, from the Main Menu of the tax return select:
- Income
- Other Income
- Other Income
- Other Income - Select New
- Description of Other Income - Enter a description, e.g., "1099-G RTAA".
- Amount of Other Income - Enter the amount in Form 1099-G Box 5.
- Is this EARNED Income? - Enter N.
- For a MFJ return, indicate if it's for the taxpayer or spouse.
Note: This is a guide for entering RTAA benefits in the Tax Processors Plus Desktop program. It is not intended as tax advice.
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