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Get your taxes done using TurboTax
Yes, this will count for your 2022 taxes.
Cash basis taxpayers, which almost all individuals are, report their income when they receive it and their expenses when they pay them. That being said, since this is an annuity, the annuity company or broker will send you a 1099-R to report the income. Since they dated it in 2022, I would expect this distribution to be included on the 2022 1099-R form.
If they included it in 2022 and you don't want it report it that way, contact the company or broker to get the form corrected. If the year you report it, doesn't match the 1099-R form, you will get an IRS letter.
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‎January 23, 2023
5:34 AM
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