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Inherited Annuity portion
I received a 1099-R from my late fathers annuity. I received 25% of the payout along with my 3 siblings. When I enter the info in my taxes, it appears to be calculating taxes on the entire 100%. I switched the 25% to 100% and my numbers didn't change. Box 7 Checked 4-D. I only received 25% of the annuity, what is it not updating this?
May 6, 2023
11:16 AM