1040 Tax Form: Where to Find Annuity Income on the Form

Shawn Plummer

CEO, The Annuity Expert

If you receive annuity payments, where do you report that income on your 1040 tax form? In this guide, we will provide an overview of where to find annuity income on the 1040 form. We will also provide information about how to report that income on your tax return.

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Where Is the Annuity Income On Form 1040?

The first place to look for annuity income on Form 1040 is boxes 5a and 5b. This is where you will find all annuity and pension income.

Inbox 5a, enter the total annuity income received that year.

In box 5b, you enter the taxable portion of the total annuity income amount received that year.

Helpful Tool: income annuity calculator

1040 Tax Form Where To Find Annuity Income On The Form

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Frequently Asked Questions

What is 5b on 1040?

“5b” on a 1040 tax form does not have a specific meaning. The 1040 form is the standard individual income tax form used by the Internal Revenue Service (IRS) in the United States to report an individual’s taxable income. The form is divided into various sections, each with different lines and schedules, where different types of income and deductions are reported. It’s possible that “5b” refers to a specific line item on the form, but without additional context, it’s not possible to determine what it represents.

Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

The Annuity Expert is an online insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

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