My wife stopped her life insurance and took all the money in it. I am guessing it was an annuity, anyway we have been paying into it for a long time so we got the check and the money was taking out for Fed tax . the amount was 51,000.00 TAXABLE was 9,000.00 but turbo tax is calling it retirement money and has added it to our income. I filled out the 1099-R information
Should just not worry about how turbo tax is calling it??
