can I amend my return to report that I cashed an annuity and paid taxes on it? will I receive the taxes I paid out at 28%?

Forum|Forum|2 months ago
April 9, 2026
1 reply
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I did not receive anything to report on my 1099r from cashing in an annuity that I paid 28% of taxes on

TurboTax Online

Vanessa A

Level 15

You can double check with the company who held the annuity to see if they did issue you a 1099-R. By law, they need to issue one to you by January 31st. It is possible that they do them electronically meaning you would have received it in email or you would need to log into your account to get it.

Yes, if you cashed in the annuity in 2025 and you did not include it on your return, then you will need to amend your return in order to add it. If your return has not yet been completely processed it is best to wait until it is processed before amending in case the IRS catches the omission and makes the change. If this happens, they will send you a letter letting you know what is happening and requesting additional info IF NEEDED.

As to whether or not you get a refund of the taxes you paid in will depend on your overall income and tax situation and the taxability of the annuity.

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