I inherited a annuity this year from someone who died in April, the 1099-R has the tax I paid when I took the whole amount out. It also has the Box 7 IRA/s e p/simple box checked and code is 4 with box 2 b checked as taxable amount not determined. I know that it was created with an IRA rollover and that they were getting distributions yearly. I am wondering how much of it is taxable since I do not know if the original IRA was pretax or post tax or if it matters?. I do know the initial amount of the rollover to open this annuity.
Also T T is asking me How much of this distribution applied to your Dec 31 2025 Distribution? listing 3 options
1 the entire distribution, 2 some of the Distribution and 3 None. Since I closed it out I was thinking #1.
Prior to this T T asked for the amount of the R M D for Dec 2025. I had to put something so just put the same as 2024 Distribution to continue. Does it matter if the original IRA that was rolled over was pretax or not? T T did not ask me about it at all. I thought it was all taxable until I seen the 2 b box as taxable not determined.
