topic Re: annuity in Retirement tax questions

annuity

vmcurry — Mon, 16 Oct 2023 21:31:15 GMT

where do i enter monthly annuity income (NOT a distribution). is it a a 1099 R?

Re: annuity

VolvoGirl — Mon, 16 Oct 2023 21:36:05 GMT

You should have a 1099R for that. Ask the company for another copy.

The easiest way to get to the 1099-R entry screen is to simply search for 1099-R (upper- or lower-case, with or without the dash) in your TurboTax program and then click the "Jump to" link in the search results.

Enter a 1099R under

Federal Taxes Tab or Personal (Home & Business)

Wages & Income at the top

Then scroll way down to Retirement Plans and Social Security,

Then IRA, 401(k), Pension Plans (1099R) - click Start or Revisit

There are 4 boxes. Be sure to pick the right box for the kind of 1099R you got.

If you are filing a Joint return be sure to pick which person it is for.

Re: annuity

dmertz — Tue, 17 Oct 2023 02:13:51 GMT

And to be clear, monthly payments you receive from the annuity are distributions as defined in the tax code and are reported on a Form 1099-R that you must enter into TurboTax when using TurboTax to prepare your tax return.