My husband is age 70 - so there was no early withdrawal of funds. The proceeds are from a paid up life insurance policy which was rolled over to create this annuity - equal annual payments for 10 years. The code of 7D on the 1099R box 7 indicates that the amount is a "normal distribution" and an "annuity payment from a nonqualified annuity". Do we need to file form 5329 and if we do need to file it, what would be the correct exception number on line 2 of that form? And how do I correct Turbo Tax?
