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