Form 8960 does not transfer taxable annuities from form 1040

[5Toads]

Form 8960 is not transferring my non-qualified annuities to line 3 of the form. I cannot edit line 3 in the forms view so, it is showing zero instead of the taxable value of my 3 annuities. They are all flagged as non-qualified ,with D in line 7 of the 1099-R. According to the 8960 instructions they must be reported on line 3. Is this a bug or am I missing something? My interest and dividends are being correctly moved to lines 1 and 2.

[MarilynG1 · Accepted solution]

In some cases, it is easier to use the TurboTax interview questions.  Testing this put the correct taxable amount on Line 3 of Form 8960. 

Is a Taxable Amount showing in Box 2a on your 1099-R?  Either the Form 1099-R will show the taxable amount in box 2a or it is blank with 'taxable amount not determined' indicated.

If this applies, you may need to use use your annuity statements to determine the basis. 

Non-qualified annuities are typically purchased with after-tax money; generally only the Earnings are taxable. 

Click this link for more info on Non-Qualified Annuities.

[dmertz]

Do the Forms 1099-R from these annuities have the taxable amount shown in box 2a?

Is this taxable amount being included on Form 1040 line 5b?

Does this taxable amount appear on line 43 of TurboTax's 1099-R Summary?

[5Toads]

Yes. the taxable amount was show in box 2a and 2b was blank on all annuities.

Taking the long way through instead of let me pick solved the problem!

Thank you very much for your help!