MarilynG1
Employee Tax Expert

Get your taxes done using TurboTax

If the distribution reported on your 1099-R was from an Insurance Company, and you purchased an annuity (also an insurance company), this is a 'like-kind' exchange, which is not taxable.

 

If this applies, click this link for more info on Insurance Like-Kind Exchange

 

If not, you may want to Edit or Delete/Re-Enter your 1099-R.

 

Click this link for info on How to Enter 1099-R

 

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