Is A 1099-R Generated For An Ownership Change On A Nonqualified Deferred Annuity? 
A 1099 is not generated on a non-qualified annuity until such time as the funds are withdrawn . The 1099 will then just represent the gain on the annuity and not the principal amount . There could be consequences of the transfer depending on the amount of the transfer as it could have gift tax consequences . 