Thank you, Diane. I triple-checked with the company that distributes the monthly annuity payment; I spoke with the broker who sold the annuity to my cousin (deceased), and he called the company. Everyone says that the earnings are being distributed to me until I reach my Cost Basis. The Cost Basis quoted to me in Sept., 2023 by the company is the same figure the broker quoted to me last Friday in an email. I did not fill out a General Rule and went ahead and E-Filed Federal. I actually inherited three other non-qualified annuities from my cousin so I guess I could file an amended return……. I have to say I read all the advice about annuities on the Community Board and several times I read that if the amount in Box 2 is the same as Box 1, taxes are owed on the full amount. ?.??
