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Should the taxable amount on form 1099-R reflect the amount my son paid for an annuity?
Should the taxable amount on the 1099-R be the full amount of the gross distribution? My son died July, 2018 and I was the beneficiary of an annuity he set up. He paid $14,000 in 2001 and the distribution was for $58,000. He paid taxes on the $14,000 already so shouldn't the Box 2A amount be $44,000?
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‎June 3, 2019
12:20 PM