Annuity income question
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mefjr
Level 2
5 Replies
DoninGA
Level 15

Annuity income question

Were federal and state taxes withheld, box 4 and box 12?  What is the code shown in box 7?  The taxable amount shown in box 2a is entered on your tax return as ordinary income and taxed at your current tax rate.
mefjr
Level 2

Annuity income question

No taxes withheld
mefjr
Level 2

Annuity income question

This second answer does not apply.  As I said in the original question, this is not a pension plan annuity.
dmertz
Level 15

Annuity income question

All Forms 1099-R are entered the same way in TurboTax.  The taxable amount shown in box 2a is entirely includible in your 2018 AGI.
DoninGA
Level 15

Annuity income question

To enter a form 1099-R -

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Retirement Plans and Social Security
  • On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

Or enter 1099-r in the Search box located in the upper right of the program screen.  Click on Jump to 1099-R

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