I want my distribution is none taxable because transfer the same amount to a Fix Annuity. On page 1 line 4a amount of distribution and 4b 0 taxable. Please help!p!

Forum|Forum|5 years ago
March 31, 2021
2 replies
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Sotero SungaAuthor

Level 2

On page 1 of my 1040 line 4a - distribution amount is 80,000 and on line 4b = 0. Plese help!

MarilynG

Level 15

If the distribution reported on your 1099-R was from an Insurance Company, and you purchased an annuity (also an insurance company), this is a 'like-kind' exchange, which is not taxable.

If this applies, click this link for more info on Insurance Like-Kind Exchange.

If not, you may want to Edit or Delete/Re-Enter your 1099-R.

Click this link for info on How to Enter 1099-R.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

I want my distribution is none taxable because transfer the same amount to a Fix Annuity. On page 1 line 4a amount of distribution and 4b 0 taxable. Please help!p!

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