lvmTTy
New Member

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?