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My husband received an annunity from a deceased member of…

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My husband received an annunity...
My husband received an annunity from a deceased member of the family, it says no taxes due. We r confused as to where to put it in filing our taxes
Submitted: 2 years ago.Category: Tax
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3/1/2016
Tax Professional: Robin D., Senior Tax Advisor 4 replied 2 years ago
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 18,390
Experience: 15years with H & R Block. Divisional leader, Instructor
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Hello

If the annuity made a payout then there may be tax to pay or not. You should receive a 1099R which shows the total distribution and the taxable portion.

You would include the total on 1040 line 16a and then the taxable portion (even if $0) on line 16b.

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Tax Professional: Robin D., Senior Tax Advisor 4 replied 2 years ago

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