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Level 1
posted Dec 31, 2023 8:43:50 AM

Do I report an inherited annuity?

There are two totaling $34000 that were named in my name and given to me after my mother passed in 2019. I was given them in 2022.

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1 Best answer
Level 15
Dec 31, 2023 1:06:48 PM

Inheritance of the annuities is not reportable.  Distributions from the inherited annuities are reportable.  You'll receive Forms 1099-R for such distributions. 

2 Replies
Level 15
Dec 31, 2023 9:38:50 AM

Level 15
Dec 31, 2023 1:06:48 PM

Inheritance of the annuities is not reportable.  Distributions from the inherited annuities are reportable.  You'll receive Forms 1099-R for such distributions.