I have a From 1099-R from a firm that i had an annuity with. The annuity matured in 2025 with principle and accumulated interest remitted to me. The 1099-R reports the gross amount in Box 1 with the taxable amount in box 2a. The principle investment was reported in box 5.
after inputting the form into TurboTax, the system assumed ALL funds were taxable, resulting in a monster amount due. It should have reported only the interest from Box 2a. I feel there is a glitch in the system for this form. Please advise.
