Morris, et ux. v. Comr., T.C. Summ. Op. 2010-171

(retiree's former employer distributed $438,752 from 401(k) account, with slightly over $40,000 distributed directly to petitioner and the balance rolled over to a brokerage company which were eventually used to purchase annuities with pre-tax amounts from 401(k); annuity distributions reported to taxpayer on Form 1099, but taxpayer reported only amount of distribution less amount representing "recovery for investment"; court finds that petitioner's investment in annuities was zero, and annuity payments fully taxable). 

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