TAX YEAR 2017 I ROLLED MONEY WITH AN IRS DISCRIPTION CODE G WITH A DISTRIBUTION CODE 1 TO AN SEP IRA 3 YEARS LATER TO AN ANNUITY IS THIS TAX EXEMPT.

k-l-heesacker · ‎March 16, 2021

IF SO, WHAT FORM WOULD I PUT IT ON?

DavidD66 · ‎March 16, 2021

You may need to clarify your question, but what it sounds like is you purchased an annuity with the funds in your SEP IRA. If you bought the annuity inside a SEP IRA, it is not a taxable transaction. If you took a distribution from the SEP, and bought an annuity without rolling it into another IRA first, then that would be a taxable transaction.

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TAX YEAR 2017 I ROLLED MONEY WITH AN IRS DISCRIPTION CODE G WITH A DISTRIBUTION CODE 1 TO AN SEP IRA 3 YEARS LATER TO AN ANNUITY IS THIS TAX EXEMPT.