I cashed in an annuity in 2017 and rolled the entire amount into another annuity. Will there be any tax incurred?

rsavage · ‎June 4, 2019

The code in box 7 is 6

DanielV01 · ‎June 4, 2019

No, it's not taxes. That specific code indicates a tax-free exchange (essentially a roll-over). Your box 2a amount should be a zero as well. Please see this FAQ with more information on box 7 codes: https://ttlc.intuit.com/replies/4194736

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DanielV01 · ‎June 4, 2019

No, it's not taxes. That specific code indicates a tax-free exchange (essentially a roll-over). Your box 2a amount should be a zero as well. Please see this FAQ with more information on box 7 codes: https://ttlc.intuit.com/replies/4194736

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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I cashed in an annuity in 2017 and rolled the entire amount into another annuity. Will there be any tax incurred?