Thanks for replying. Now we can understand.
Your box 1 is your total amount of distribution for $292. Of that, box 2a, the only taxable amount is $134. The difference is $158, your premiums for the year. That number matches your box 5, insurance premiums.
You are code 7 for a regular distribution.
You are not paying taxes on the $158 premium, only on the extra $134 you received. Which you didn't take into your hand, you reinvested. Think of it as if they gave the $134 and then you went to your broker and asked them to put it back into the fund. You got the money and get to benefit from it.
Everything is right.
@JJ1847
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
