eksnyder
Returning Member

Mother in law received 1099-R for Life Insurance non qualified annuity death benefit, how to input this

This 1099-R from a non qualified deferred annuity was paid out in lump sum upon the death of my father in law. The taxable amount is quite high and she is now having to pay quite a large tax amount. First question is the total amount considered a RMD-how do I answer this question? Second, can this lump sum be considered for the special averaging method to reduce the tax?