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1099-R/Life Insurance
I took a full lump-sum distribution from a life insurance policy that had been annuitized last year. I received a 1099-R that shows a partial taxable amount in Box 2. Why is any portion of that distribution taxable (other than a small amount of accrued interest since the last quarterly annuity payment prior to the distribution)?
‎January 28, 2024
10:29 AM