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Inherited Non-Qualified Annuity Distribution
I cashed in an inherited non-qualified (NQ) annuity I received from my mother after her death. I received a 1099-R that identified the taxable portion. Although this is NQ, TurboTax (TT) seems to think it is a qualified distribution, and requires me to answer questions that do not apply (for example, the distribution is not from a 403(b) nor any other type of qualified plan).
Is this a flaw in TT or am I entering the data somehow incorrectly (I am scanning a QR code)? Any suggestions?
March 10, 2025
11:50 AM