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Get your taxes done using TurboTax
Since the annuity is held inside a traditional IRA, it is considered a qualified plan distribution because it comes from a tax-deferred retirement account. The entire distribution is generally taxable, which is why Box 2a equals the gross amount. You will select qualified, and the tax treatment will follow the normal IRA distribution rules.
Publication 590-B (2025), Distributions from Individual Retirement Arrangements (IRAs)
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12 hours ago