hoe do i list interest from a legal settlement of overcharges from an annuity?

[19paul37]

I received a check from one of my annuities for a legal settlement of overcharges. It contains both the fee component as well as interest. How do I enter these amounts in my 2020 return?

[Mike9241]

did you take a tax deduction for the annuity payments? if so, then they'll need to be reported as taxable income

schedule 1 line 8. the interest will be taxable and you can use fotm 1099-INT. just answer no when it asks if payor provided fein