Question
2024 Home and Business Non-qualifed annuity distribution treated as IRA RMD
During the 2023 Tax year I followed step-by-step instructions to enter a 1099R for a non-qualified annuity distribution, no problems encountered. For the 2024 Tax year I did the same but encountered the issue of TurboTax (Home and Business) assuming the distribution was an IRA RMD even though box 7 had 4D entered . To resolve the problem I had to go directly into 1099 Forms and clear distribution amount out of the RMD section. Now all is well.
