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Employee
June 5, 2019
Question

Should I enter the gross $ amount on 1040, line 16a and the taxable amount on line 16B to report an insurance payout?

  • June 5, 2019
  • 1 reply
  • 0 views
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1 reply

MichaelL1
Employee
June 5, 2019

Did you get a 1099R?

if so the taxable amount will appear exactly as you are saying on line 16b.