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Get your taxes done using TurboTax
I inherited several annuities this year. I took the smaller ones as lump sum and withheld taxes. A larger one, I opted to take the distribution over an extended time (based on my life, but it is not annuitized). I still received a 1099 R on the entire amount of the annuity - even though it remains at the insurance company as a beneficiary annuity. I shouldn't be taxed on all the value this year - so how do I show this?
‎February 4, 2020
8:27 PM