Receive interest only payments on a monthly basis from my annuity.Is this considered regular payments from my annuity since I am not taking a payment from the principle?

[12garner]

I am newly retired and my financial planner arranged for my monthly interest on my fixed annuities ( two of them through Pac.Life) to come to me toward my retirement money.  Is this considered a regular payment since it is interest only?   I received a 1099-R for it. 

[CynthiaR · Accepted solution]

The interest only payments would not be considered part of your contribution to the annuity but would be considered taxable  income from the annuity. 

You will get a 1099R on the interest payments from the company who holds your annuity because it is coming from your retirement account. 

[Edited 2/23/19 | 9:18 pm]

[CynthiaR]

See edited answer above.