Thanks. You are being wonderfully helpful! Another question. 2014 was the first year I received income from the annuity. Going through the Turbo tax steps on my 2014 return I generated a substitute 1099-R as the insurance company my annuity is with is South African, and they don't generate Form1099-R. I then entered the full amount ($16,000) as taxable on line 16b of my Form 1040. Do you know if it makes any difference whether the annuity income is entered on line 21, as opposed to line 16b on the Form 1040?
