Will I receive a tax form for a surrendered annuity account if the check shows taxes were withheld? The account had a $507 balance and surrendered after age 59.5.
A confirmation notice came with the check when I closed out the annuity. It showed the amount of federal and state taxes withheld from the payment. Should I receive a tax form from the company?
If taxes were withheld, the annuity company is required to send you a Form 1099-R reporting the distribution and tax withholding. The company has until January 31 to send you the Form 1099-R.
