Re: 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???

Patti1040 · ‎03-24-2022

Any suggestions on how to fix this would be appreciated.

IRonMaN · ‎03-24-2022

Did you accidentally check that it was an IRA?

Slava Ukraini!

Patti1040 · ‎03-24-2022

That is exactly what I did, thank you!!

IRonMaN · ‎03-24-2022

You betcha!

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

Slava Ukraini!

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???