How to correctly account for non qualified annuity basis? Do I include the annuity distribution and all other annuity details in Form 8606

[dmertz · Accepted solution]

No, nonqualified annuities do not go on Form 8606.  Form 8606 is only for IRAs.

Either the Form 1099-R will show the taxable amount in box 2a and the basis in box 5 or you'll need to use use your annuity statements to determine the basis.