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Level 1

Solved

annuity

Forum|Forum|2 years ago
October 16, 2023
1 reply
5 views

where do i enter monthly annuity income (NOT a distribution). is it a a 1099 R?

Best answer by VolvoGirl

Expert Reviewed

You should have a 1099R for that. Ask the company for another copy.

The easiest way to get to the 1099-R entry screen is to simply search for 1099-R (upper- or lower-case, with or without the dash) in your TurboTax program and then click the "Jump to" link in the search results.

Enter a 1099R under

Federal Taxes Tab or Personal (Home & Business)

Wages & Income at the top

Then scroll way down to Retirement Plans and Social Security,

Then IRA, 401(k), Pension Plans (1099R) - click Start or Revisit

There are 4 boxes. Be sure to pick the right box for the kind of 1099R you got.

If you are filing a Joint return be sure to pick which person it is for.

VolvoGirlAnswer

Level 15

Expert Reviewed

You should have a 1099R for that. Ask the company for another copy.

The easiest way to get to the 1099-R entry screen is to simply search for 1099-R (upper- or lower-case, with or without the dash) in your TurboTax program and then click the "Jump to" link in the search results.

Enter a 1099R under

Federal Taxes Tab or Personal (Home & Business)

Wages & Income at the top

Then scroll way down to Retirement Plans and Social Security,

Then IRA, 401(k), Pension Plans (1099R) - click Start or Revisit

There are 4 boxes. Be sure to pick the right box for the kind of 1099R you got.

If you are filing a Joint return be sure to pick which person it is for.

Level 15

And to be clear, monthly payments you receive from the annuity are distributions as defined in the tax code and are reported on a Form 1099-R that you must enter into TurboTax when using TurboTax to prepare your tax return.