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March 14, 2025
Question

1099R

  • March 14, 2025
  • 1 reply
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I have a 1099R that is reporting a taxable gain on a distribution from a paid up life insurance policy  where do i put this  if i put it along with the other 1099R incomes it wants me to say what kind of retirement plan this is and its a dividend not a retirement distribution

    1 reply

    DaveF1006
    March 21, 2025

    Yes, but it is reported on a 1099R. After the 1099 R is reported, there is a question aking if this is a qualified or non-qualified plan. Indicates that it's non-qualified.

     

     

     

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