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New Member
posted Jun 6, 2019 1:19:40 AM

I did a 1035 exchange of an annuity from one company to another and received a 1099 R showing a gross distribution. Since this is non-taxable where do I report this?

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1 Best answer
Level 3
Jun 6, 2019 1:19:42 AM

Report it in the 1099-R section:

1.  Click Federal on the left-hand side menu.

2.  Click Income across the top.

3.  Scroll down to Retirement Plans and Social Security and click Show more.

4.  Click Start or Revisit by IRA, 401(k), Pension Plan Withdrawals (1099-R).

You should have code 6 in box 7.  That makes it non-taxable.


2 Replies
Level 15
Jun 6, 2019 1:19:40 AM

What is the code in Box 7 of the 1099-R?

Level 3
Jun 6, 2019 1:19:42 AM

Report it in the 1099-R section:

1.  Click Federal on the left-hand side menu.

2.  Click Income across the top.

3.  Scroll down to Retirement Plans and Social Security and click Show more.

4.  Click Start or Revisit by IRA, 401(k), Pension Plan Withdrawals (1099-R).

You should have code 6 in box 7.  That makes it non-taxable.