I inherited my mother's annuity upon her death. It will continue to pay a set amount monthly for two more years. I received a 1099-R for 2019 (for 6 mo.). Box 1 is $1552.20, box 2a is 0.00, and box 7 is 4D.
Is this a taxable income? TurboTax keeps questioning the box 2a amount of zero.
Also, for box 7 do I put 4 (death) AND D (annuity payments from nonqualified annuities that may be subject to tax under section 1411)?
Since this will come up again next year, I need to know I'm doing this right.
Thank you!
