What type of distribution is annuity considered, IRA or pension or none of the above?

when asked after entering 1099 R qualified annuity

posted

Yes, annuities are grouped with pensions for tax purposes, but it's possible to have an annuity inside an IRA.

Check your 1099-R. There's a check box for IRA between boxes 7 and 8. If that is checked, it's an IRA.

Also look at box 7, if the code there is 7D, your annuity is a nonqualified annuity. You would pick none of the above.

If you don't have a code 7D, and the IRA box isn't checked, it may be a pension if it came from a former employer.

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Do you have an Intuit account?