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Question

How is money from a insurance policy surrender shown on a 1099-R put on a tax from?

Forum|Forum|1 year ago
February 27, 2025
1 reply
0 views

Received a 1099-R showing gross distribution amount and taxable amount for a insurance policy surrender. How is this shown on my tax forms?

The box 1 of the IRS form 1099-R flows to box 5a of the IRS form 1040.

Box 2a of the IRS form 1099-R flows to box 5b of the IRS form 1040.

In TurboTax Online, report the IRS form 1099-R as follows:

Down the left side of the screen, click on Federal.
Down the left side of the screen, click on Wages & income.
Click the down arrow to the right of Retirement Plans Social Security.
Click to the right of IRA 401K Pension Plan Withdrawals.
At the screen Let's import your tax info, select the provider.

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