BillB5-6
New Member

Retirement tax questions

I received a 1099-R, for an annuity distribution for $100,000 section 1 and on 2a it was the same amount $100,000, but my client told me

that there was a cost of $86,872.41. The contract was purchased February 4, 2000, and on that document shown beginning value of $86,872.41. How do I report this information on the 1040?