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Retirement tax questions
Yes, it was a direct rollover into an inherited Annuity, with box 7 as 4D and was created using employee contributions. Sorry for using the word "distribution", it was a direct rollover into my own inherited annuity and I get to withdraw it over the rest of my lifetime should I wish to. The annuity had very little gain, so there was virtually no taxes withheld. [Sorry I confused this product with another similar one from the same company, which was an IRA Annuity which was handled properly in the 1099Rs.]
Do you suggest one option over the other or it doesn't matter? Zero out 9a OR check Total Distribution?
2 hours ago