I received a 1099-R with Box 7 coded as 4D which is correct it is for an Inherited Annuity Total Distribution.
In Federal it asks Where is this Distribution From? Select the Source of this Distribution.
I select "None of the above" because it is not a Qualified IRA or a Pension, it is an Annuity.
The program keeps switching it to "Pension/IRA distribution received before retirement age". I am well over retirement age!
This is not correct, but I don't know what to do. Does the software consider an Annuity an "Other qualified IRA distributions and private-source pensions"?
Of course the answer of "Pension/IRA....." flows into my Michigan State as a code "N-Other pension subject to Michigan tax".
I have other Inherited IRA's as well & those have been entered without any issues.
Any suggestions?
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To clarify, where are these questions coming from? Is this a 1099R, CSA/1099R, or CSF 1099R? Also is the Box on the 1099R checked indicating that this is a IRA?
I am so sorry for the delay....we were traveling. I did get an answer to my question, thank you.
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