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taxable amount reported on 1099-R
The taxable amount reported on a 1099-R for a distribution from a nonqulaified annuity is incorrect because a portion of the annuity balance was after-tax funds. Getting assistance from the annuity company is difficult. What happens if I just go ahead and report the correct taxable amount (determined using the IRS calculation method) on my return?
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March 9, 2022
7:15 PM