Solved
Can non-qualified annuities be rolled over into an IRA?
I have client who rolled his non qualified annuity into an IRA. The 1099 show cod 7D and that the distribution was 172,000 and 72,000 was taxable. My client did a bank to bank transfer of this annuity when it matured to JP Morgan and it was deposited into an IRA. From what research I can find this can't be done. I am at a loss. The program shows even though the money was rolled over the 72,000 is still taxable. Any help will be much appreciated
