DianeC958
Expert Alumni

Retirement tax questions

Yes, you would leave box 2b blank if you are recovering amounts that were contributed with after tax dollars.  

 

Do not check the box for Taxable Amount Unknown, the program will then tax the full amount.

 

The amount that is not taxable are any contributions made the account with after tax dollars.

 

If it is a qualified annuity then it was funded with before tax dollars.  This means that when you take money out of the annuity the full amount is taxable.

 

@ACnVA

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