MarilynG1
Expert Alumni

Retirement tax questions

All 1099-R's are entered the same way, and the income is taxed the same.  It's still a retirement plan, whether it was yours or someone else's, whether it's employer sponsored or not. 

 

It's the Codes in Box 7 that designate different types, as well as the follow-up questions in TurboTax.  If the annuity was purchased with after-tax funds privately, the amount in Box 2a would show the taxable amount. 

 

Here's more info on Inherited Annuities and detailed info on Form 1099-R.

 

@TerriLa 

@TXJJ 

@1948biddle 

 

 

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