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Level 1
June 1, 2019
Question

Where do I enter income from an inherited annuity

  • June 1, 2019
  • 1 reply
  • 6 views
My mother had an annuity  for $100,000. She passed in 2013. I cashed it in for $114,353. with $14593. being taxable. Where does it go on the tax entry?

1 reply

June 1, 2019

When you receive form 1099-R from the Trustee or the Financial Institution who is managing the Annuity you will follow the instructions in the FAQ below. It will be quite simple, entering a 1099-R is like entering the information from a W2, you only enter the information from the boxes that contain information.

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