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Get your taxes done using TurboTax
It would be reported as "other income".
Per the 1041 government instructions "Any part of a total distribution shown on a Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc., that is treated as ordinary income" should be reported on Line 8; Other Income.
To enter this:
Click the Federal Taxes tab
Click Income, and then click the Start button to the right of Other income or loss
Check the box "If any is from Form 1099".
Click here for detailed information on Form 1041.
Click here for 2022 Instructions for Form 1041
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March 11, 2023
2:51 PM