turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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!

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

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!

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

MarilynG1
Employee Tax Expert

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!

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

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question