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August 1, 2020
Question

1099 R code for a total distribution of annuity bought with after tax money

  • August 1, 2020
  • 2 replies
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    2 replies

    August 1, 2020

    the code is on the 1099R box 7. box 2a should have the taxable amount while box 5 should have your contributions

    box 2a + 5 should equal box 1

    macuser_22
    Employee
    August 1, 2020

    What code is on your 1099-R?   

     

    Why do you think that it is incorrect?

     

    The code depends on the type of account (type of annuity) and your age.

    **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.**