There seems to be some confusion here. I had two separate questions regarding two different accounts.
I have a life insurance annuity where I was named a beneficiary and took a lump sum payment. I received a 1099-R form from the insurance company and entered the information in Turbo Tax. When I was finishing up the federal return Turbo Tax asked me to specify what type of income this was with a drop down menu of options. I didn't see anything regarding a lump sum payment so I was wondering what I should choose?
