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We received 1099-R for life insurance policy due to death of my wife's mother. She took total distribution. Since not a IRA there is no RMD - do I click "No" for RMD?

Forum|Forum|7 years ago
June 5, 2019
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TurboTax Premier Online

Best answer by MichaelL1

You are going to actually click Yes, and say that the total RMD was received due to getting a total distribution.

It is an insurance product you have, it may have a life insurance feature as part of the product, however, it is an IRA.

MichaelL1Answer

Employee

You are going to actually click Yes, and say that the total RMD was received due to getting a total distribution.

It is an insurance product you have, it may have a life insurance feature as part of the product, however, it is an IRA.

H

HJPAAuthor

Thanks - one more clarifcation Turobo Tax asks 1) was all/part of this RMD - I answerd yes. Then it asks was the entire about RMD OR what $ amount is the RMD portion - I do not know - I plan to call company but do you happen to know if I should respond "All was RMD"