dmertz
Level 15

Retirement tax questions

Since you were over age 59½ at the time of the distribution, there is no early-distribution penalty.  Since the annuity was in an IRA, the taxation is determined by IRA rules.  The fact that it was an annuity and any details of the annuity are irrelevant.  Simply enter the Form 1099-R into TurboTax and answer the follow-up questions to indicate what you did with the money.  Finally, click the Continue button on the Your 1099-R Entries page and answer any additional questions presented by TurboTax regarding your IRAs.