topic IRA Annuity earnings in Retirement tax questions

IRA Annuity earnings

kittysocks — Mon, 13 Oct 2025 20:51:11 GMT

Hello, I have an annuity from Southern Farm Bureau Insurance. It says it is an IRA contract type, and earned $420 dollars which was rolled over. Where does that income go into turbo tax or is it not considered income?

Re: IRA Annuity earnings

VolvoGirl — Mon, 13 Oct 2025 22:52:17 GMT

No you don’t report that. You only report distributions or withdrawals. You will get a 1099R for those. That’s one of the advantage of a IRA. You don’t report interest or dividends or buy or sells that happen. It grows tax deferred.

Re: IRA Annuity earnings

kittysocks — Mon, 13 Oct 2025 23:38:01 GMT

Thanks so much. I thought that was the case, but I didn't want to make a mistake.