All Things Tax

All Things Tax

Like the title says, from the filing process and tax questions to tax policy and reform, you can search and share All Things Tax here. This is the place to find answers to all your general questions that don't fall under the other categories. And just a reminder: questions about software or online filing should be posted in DIY Products.

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Registered: ‎04-16-2018

1099 R inherited annuity confusion

I am finished filling out entries in the HR Block software and I am receiving data verification messages for two annuity life insurance policies which I inherited from my father.  the message reads" you may need to adjust our calculations for multiple lump sum distributions.  Please consult your tax advisor"  And of course I have been logged into online chat for an hour and still waiting with not even an estimated wait time!

 

Has anyone received the same message?  I verified calculations and everything seems ok but I sure don't want to have trouble filing..