☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 16, 2023 2:31:15 PM

annuity

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

 

0 2 389
1 Best answer
Level 15
Oct 16, 2023 2:36:05 PM

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.

 

2 Replies
Level 15
Oct 16, 2023 2:36:05 PM

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
Oct 16, 2023 7:13:51 PM

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.