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Reporting a NQ annuity based on statement

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    Reporting a NQ annuity based on statement

    Calculating year end estimated taxes for a client/TP. TP received NQ annuity payment as beneficiary. The statement attached to the check has:

    $3000 principal
    $2000 interest.

    Correct me if I am wrong but $5k would go line 1(gross dist) of the 1099-R worksheet and $2K would go on line 2a (taxable amount). Total dist box checked and code 4 death.

    #2
    Sounds right if you are sure about the NQ part.

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