Skip to main content
Level 2
March 24, 2022
Question

Why is an insurance annuity distribution on 1099-R, code 7D coming up fully taxable. Box 1 $26,500 and Box 2a is $5264 but the entire $26,500 is coming out taxable???

  • March 24, 2022
  • 3 replies
  • 22 views
Any suggestions on how to fix this would be appreciated.
This topic has been closed for replies.

3 replies

IRonMaN
Level 15
March 24, 2022

Did you accidentally check that it was an IRA?

Slava Ukraini!
Patti1040Author
Level 2
March 25, 2022

That is exactly what I did, thank you!!

IRonMaN
Level 15
March 25, 2022

You betcha!

(as a side note, been there done that😁)

Slava Ukraini!