Report a fixed annuity and income in Schedule A. For You, Your Spouse, and Your Dependent Children Schedule AReport a fixed annuity if the value of the annuity was more than $1,000 at the end of the reporting period, or if the annuity produced more than $200 in income during the reporting period. Block A: Provide the name of the insurance company issuing the annuity and write “fixed annuity.” Block B: Report the value of the annuity by marking the appropriate column. Block C: Report the total amount of income that was produced during the reporting period by marking the appropriate “Amount” column. If the amount of income is more than $200, you also need to report the type of income by marking the applicable “Type” column. For fixed annuities, the type of income usually is “interest.” Click Here for Frequently Asked Questions
This guide is not intended to provide investment advice, and you should not rely on statements in this guide when making investment decisions.