Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community

1 reply

J
JamesG1
March 26, 2020

If you are entering an annuity on a 1099-R for the first time, your plan cost at annuity start date and annuity start date are important pieces of information to compute your cost basis.  Your cost basis would reduce your taxable income from the annuity.

 

Perhaps, this information can be found in your records or you can contact the annuity administrator for that information.

 

Other helpful information is here.

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

Unlock tailored help options in your account

Create an account
TurboTax Expert Assist
TurboTax Expert

Get answers to all your tax questions

Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

Terms & ConditionsAccessibility statement
Intuit
TurboTax Credit Karma QuickBooks MailChimp

©1997-2022 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
of Intuit Inc. Terms and conditions, features, support, pricing, and service options
subject to change without notice.

Security Certification of the TurboTax Online application has been performed by
C-Level Security.

By accessing and using this page you agree to the Terms of Use.

Accessibility

TRUSTe nResult Certified e-File C-Level Security Certification