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Level 1
February 19, 2022
Question

Why is a 1099R from an annuity showing as an IRA distribution on my sample 1040?

  • February 19, 2022
  • 3 replies
  • 11 views
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3 replies

VolvoGirl
Level 15
February 19, 2022

You must not have checked the little IRA box between boxes 7&8 on the 1099R.  Is is checked on your form?

VolvoGirl
Level 15
February 19, 2022

Oh I had that backwards.   But an Annuity can be in an IRA.  Is the little IRA box checked on your form?

Level 15
February 19, 2022

If it's an IRA annuity (IRA/SEP/SIMPLE box marked on the form provided by the payer), it follows all of the IRA rules, including being reportable on Form 1040 line 4b (not 5b).