I contributed money from my checking account into an annuity which distributed in 2024. My contribution and interest is being reported as income. Why is my contribution

jhigh · ‎March 31, 2025

Why am I having to pay taxes twice. My contribution was already taxed and was mine to begin with...

DavidD66

The amount you invested in the annuity using after-tax funds is not taxable. You need to revisit your entry of Form 1099-R. For box 2b, you need to enter only the taxable amount of your distribution (the amount in box1 less the amount of your contribution).

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I contributed money from my checking account into an annuity which distributed in 2024. My contribution and interest is being reported as income. Why is my contribution

I contributed money from my checking account into an annuity which distributed in 2024. My contribution and interest is being reported as income. Why is my contribution

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I contributed money from my checking account into an annuity which distributed in 2024. My contribution and interest is being reported as income. Why is my contribution

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I contributed money from my checking account into an annuity which distributed in 2024. My contribution and interest is being reported as income. Why is my contribution

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