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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
Level 1
Any suggestions on how to fix this would be appreciated.
0 Cheers
3 Comments 3
IRonMaN
Level 15

Did you accidentally check that it was an IRA?


Slava Ukraini!
Patti1040
Level 1

That is exactly what I did, thank you!!

IRonMaN
Level 15

You betcha!

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


Slava Ukraini!