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New Member
posted Jun 4, 2019 5:10:34 PM

I get an annuity check my place of retirement is that the same as a w2 ?

This is the worst year for turbotax yet.

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1 Best answer
Intuit Alumni
Jun 4, 2019 5:10:36 PM

If you are getting money from an annuity, the income will be reported on a 1099-R.

The 1099-R reports what portion of the money is taxable. It's entered in TurboTax on the Federal Taxes>Your Income page under Retirement Plans and Social Security (Scroll down). You can also type "1099-R" in the Search box, then select Jump to 1099-R.

Annuities typically have contributions from the annuity owner, so not all of the money is taxable. The taxable portion is reported in Box 2a.

Enter your 1099-R into TurboTax (or import it) exactly as written.


1 Replies
Intuit Alumni
Jun 4, 2019 5:10:36 PM

If you are getting money from an annuity, the income will be reported on a 1099-R.

The 1099-R reports what portion of the money is taxable. It's entered in TurboTax on the Federal Taxes>Your Income page under Retirement Plans and Social Security (Scroll down). You can also type "1099-R" in the Search box, then select Jump to 1099-R.

Annuities typically have contributions from the annuity owner, so not all of the money is taxable. The taxable portion is reported in Box 2a.

Enter your 1099-R into TurboTax (or import it) exactly as written.