Taxable amount non qualified annuity

[arenaant6819]

Have non qualified annuity  100,000 took a 50,000 withdrawal net 42,000 the 10% early withdrawal as well as surrender fee was already deducted I also requested they withhold 20% in case for taxes they did not

taxable amount blank box 2b checked not determined

Called annuity company they said no gains or earning To tax but when I enter 1099r as is is saying I still owe the 10% and treating 42000 as fully taxable I'm stuck on this thank

[AmyC]

Things are not lining up for me. A nonqualified annuity distributes earnings first and those are taxable. So, it sounds like $50,000 of earnings. However, on a $100,000 policy ?!?!?! I either need to invest with them or something is off.

Then you called the company and they said it was "no earnings" so no tax. Which would be correct, if you received basis money.

Perhaps the wrong distribution code was used. I am not impressed with them taking out taxes if it isn't taxable. See Table 1. Guide to Distribution Codes. You may need to get a corrected form 1099-R. 

[arenaant6819]

To clear it up I opened non qualified annuity with 100,000 after tax money its only 2 yrs old I had no earning or gains I took 50000 out I net 42000 because of early withdrawal and surrender fees 

So I spoke to them again to figure taxable amount they said that box 5 on 1099r is 42000 minus that from box 1 which also is 42000  so tax is 0