I received a 1099-R with Box 7 coded as 4D which is correct it is for an Inherited Annuity Total Distribution.
In Federal it asks Where is this Distribution From? Select the Source of this Distribution.
I select "None of the above" because it is not a Qualified IRA or a Pension, it is an Annuity.
The program keeps switching it to "Pension/IRA distribution received before retirement age". I am well over retirement age!
This is not correct, but I don't know what to do. Does the software consider an Annuity an "Other qualified IRA distributions and private-source pensions"?
Of course the answer of "Pension/IRA....." flows into my Michigan State as a code "N-Other pension subject to Michigan tax".
I have other Inherited IRA's as well & those have been entered without any issues.
Any suggestions?
