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how do I enter my contributions to my individual annuity

is annuity contribution deductible
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1 Reply
JohnB5677
Employee Tax Expert

how do I enter my contributions to my individual annuity

No, contributions to an annuity are not deductible on your current tax return.

  • However, you will get credit for the contributions when you start to withdraw money from the annuity.
  • This will then be reported on a 1099-R.
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