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posted Jan 17, 2025 11:26:39 PM

1099-R, 1411, 7D code

I moved a non-qualified annuity to another company. The original company mailed me the check which was given to my financial advisor and deposited within 60 days with the new company, however I have now received a 1099-R showing a gross distribution of $66,000. Box 2a is blank (taxable amount). The Distribution code is 7D. Will I need to pay any tax on this? The check was erroneously made out to me instead of the new company. What is 1411? Please advise as soon as possible!

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Level 15
Jan 19, 2025 8:19:04 AM