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Level 1
Mar 23, 2021 2:57 PM UTC
Question

Non-qualified distribution code

My non-qualified annuity is coded as a 7D distribution and should be taxable in PA. But TurboTax says it is not taxable. How do I correct this?

    2 replies

    macuser_22
    Alumni - Champ
    Alumni - Champ
    Mar 23, 2021 3:19 PM UTC

    The taxable amount should be in box 2a.

    **Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
    DMarkM1
    Employee Tax Expert
    Employee Tax Expert
    Mar 23, 2021 3:28 PM UTC

    In your PA state interview you will arrive at a page titled, "What kind of retirement income do you have from PA?"  In the dropdown box select "Insurance and endowment".  Continue through the interview.  Later in the interview you will be asked to confirm the amount of the taxable commercial annuity. 

     

     

     

     

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