Non-Government Annuity

Forum|Forum|11 months ago
April 12, 2025
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I receive an annuity (not a 401K or IRA) from a company I worked for several years ago, and paid by a life insurance company. It is NOT from a government entity. Yet, upon entering my 1099-R information into TurboTax Premier 2024, the program brings me to a page asking the source of the distribution.

Since it is from a corporation, and not the government, none of the choices really fit. "Certain Annuity Funds" might describe it, but when I click "See Examples", they are all government examples. When I got to the State taxes, it too is treating it like a government annuity plan. Nowhere did I ever indicate that it was a government plan.

So how can I fix this? It doesn't look like TurboTax will allow me any other choice, but I can't see how I can file my taxes and ignore this glaring error. Any thoughts out there?

PatriciaV

Does Form 1099-R have Box 7 Code D for Annuity payments from nonqualified annuities? That's unlikely as most private pension plan annuities for employees are qualified plans. Indicating this was a qualified annuity will avoid the source question.

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