I received a 1099-R from an inherited Guggenheim annuity. In contrast to another bank IRA's (and its 1099-R form) which had federal tax and the RMD removed monthly, this annuity did not have the RMD and was just an investment. The annuity 1099-R lists the gross distribution, the taxable amount, and a 10% federal income tax already withheld. TurboTax is asking the RMD question then is adding the gross distribution as income. I am not sure about how to report information from this 1099-R form as it appears that via this form I paid a minimum 10% federal tax (but no state tax) already?
