- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Non qualified annuity withdrawal
Put in 100,000 in nq annuity took 50,000 withdrawal net 42,000 because of 10% early withdrawal and surrender charge
My 1099r taxable amount blank tax not determined checked codes are D AND When I enter 1099r in turbo tax says I still have to pay 10% early withdrawal plus taxes on 42000 money I already paid taxes on I had requested 20% be withheld just in case for tax
Called financial institute said there where no earnings or interest to taxes but why than is taxable amount blank they give me no answer
March 29, 2024
2:21 PM