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IRA Annuity earnings
Hello, I have an annuity from Southern Farm Bureau Insurance. It says it is an IRA contract type, and earned $420 dollars which was rolled over. Where does that income go into turbo tax or is it not considered income?
VolvoGirlAnswer
Level 15
Oct 13, 2025 10:52 PM UTC
Expert Reviewed
No you don’t report that. You only report distributions or withdrawals. You will get a 1099R for those. That’s one of the advantage of a IRA. You don’t report interest or dividends or buy or sells that happen. It grows tax deferred.
