Thank you for your quick response. Yes, you are correct, by putting the earnings in an IRA I meant to rollover the earning funds into an IRA given that I qualify based on all the IRS requirements to do so. Here is a little more detail on what I want to do: I got a check for $12,000 which are all earnings this January. I qualify for $7K per year IRA. So I want to put $6K on my 2021 IRA and $6K on my 2022 IRA all within the 60 days required for a rollover. The annuity company could not send the check directly to my IRA financial company. Is this all correct according to IRS rules? Thank you.
