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Annuity inheritance
My Aunt passed away and did not assign beneficiary for her two annuity accounts. As the executor per her Will, the Annuity company gave me the death benefit from the two annuity accounts and issued me the 1099R. However, per her Will, all of her reminder assets are to be distributed equally between myself and my two siblings. Is there any where I can indicate in Turbo Tax the amount that needs to be adjusted so that the annuity death benefit are not all counted as my income since I have only received 1/3 of it and should not be taxed for the whole amount.
Plesae help.
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‎February 23, 2024
4:17 PM