DianeC958
Expert Alumni

Retirement tax questions

On the 1099-R you received there should be an amount in box 5 for the amount of your contributions.  When you receive payments from the annuity part of it is taxable, for the growth of the money, and part of it is not.

 

When the program asks you if the amount in Box 2 is the taxable amount answer No.

 

Then the program will ask you a series of questions about the annuity and when it started and other information so it can calculate the amount that is taxable.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"