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Returning Member
posted May 31, 2019 9:20:27 PM

My distribution from my non-qualified annuity the whole distribution shows as taxble instead of the taxable amount

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1 Replies
Level 15
May 31, 2019 9:20:28 PM

Look on the 1040 form.


It will show as income on the summary screen which shows gross income, not taxable income.
 
The income will be reported on line 16a on the 1040 form

The taxable amount will go on line 16b.  In the case of a rollover, that amount will be zero.

(Lines 12 a & 12b on a 1040A).