topic I want my distribution is none taxable because transfer the same amount to a Fix Annuity. On page 1 line 4a amount of distribution and 4b 0 taxable. Please help!p! in Get your taxes done using TurboTax

I want my distribution is none taxable because transfer the same amount to a Fix Annuity. On page 1 line 4a amount of distribution and 4b 0 taxable. Please help!p!

Sotero Sunga — Wed, 31 Mar 2021 20:58:14 GMT

Re: I want my distribution is none taxable because transfer the same amount to a Fix Annuity. On page 1 line 4a amount of distribution and 4b 0 taxable. Please help!p!

Sotero Sunga — Wed, 31 Mar 2021 21:02:24 GMT

On page 1 of my 1040 line 4a - distribution amount is 80,000 and on line 4b = 0. Plese help!

Re: I want my distribution is none taxable because transfer the same amount to a Fix Annuity. On ...

MarilynG1 — Wed, 31 Mar 2021 22:01:50 GMT

If the distribution reported on your 1099-R was from an Insurance Company, and you purchased an annuity (also an insurance company), this is a 'like-kind' exchange, which is not taxable.

If this applies, click this link for more info on Insurance Like-Kind Exchange.

If not, you may want to Edit or Delete/Re-Enter your 1099-R.

Click this link for info on How to Enter 1099-R.