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Got a real mess with a distribution of a annuity
My siblings and I took a total distribution of a annuity my mother had. This account sat for 5 years growing in value and then we had to close it out and take the distribution. I usually request taxes to be taken out of anything i do, but my siblings did not. The proceeds were paid to my deceased mothers estate and then distributed equally to the three of us. Taxes are due and the estate, which is now closed, received one 1099-r How do we proceed when we have one 1099-r for the three of use. The 4972 form does not work, so I am looking for a way to figure this out. My deceased mother was born prior to 1936.
‎February 11, 2020
9:36 AM