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Retirement tax questions
Unless the plan calculated the taxable amount in box 2a then you would use the "general rule" for a non-qualified annuity with a after-tax basis if box 2a is blank and box 2b (not determined) is checked. You do not change the box 7 codes.
See IRS Pub 939.
https://www.irs.gov/pub/irs-pdf/p939.pdf
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
March 23, 2020
3:14 PM
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