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annuity

anacgarcia
Level 1

where will annuity be enter for savings

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Just-Lisa-Now-
Level 15
Level 15
Please add more details to your post....what type of savings are you looking for with an annuity?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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6 Comments 6
BobKamman
Level 15



You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.


Just-Lisa-Now-
Level 15
Level 15
Please add more details to your post....what type of savings are you looking for with an annuity?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
anacgarcia
Level 1

where do i report the annuity contribution?

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qbteachmt
Level 15

@anacgarcia 

You've got lots of room to provide some description and perspective. That is required, for you to get the help you seem to be seeking.

Which type of tax return are you working on? Who paid into this annuity? What are you trying to do with the amount you want to enter somewhere; are you trying to include it as a deduction for someone? What sort of annuity is this? Is this an employer or an employee or a retirement plan scenario?

See how more details are required?

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anacgarcia
Level 1

is a 1040 tax return and is a contribution not a distribution.

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Just-Lisa-Now-
Level 15
Level 15

Annuity contributions are only deductible and included on a tax return if they're to a qualified annuity and paid in with pre-tax monies....is this through your place of employment or something?


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪