Yes, non-qualified annuities don't have an RMD requirement. Review your entries and see if you reported this correctly.
- Let's assume you have $50,000 taxable income for Box 1 and 2A and the distribution code is 7 in Box 7. After entering the 1099R, continue through until it asks was this a distribution from a Qualified plan. Here you would indicate this was from a non-qualified plan.
- Now continue. Make sure you don't check the box asking if this is from an IRA, Sep/Simple account.
- Now, continue through the screens where it asks if you missed a RMD payment from any qualified retirement accounts. Here, you will say no, unless you have other distributions from qualified plans.
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