Would you walk me through how this is handled when filing my 2019 tax returns please. We did receive the 1099-R and it does indicate that the amount reported represents a policy gain resulting from dividends exceeding premiums. There was a 20% State tax withheld. I have a Box 1 gross distribution , a Box 2a taxable amount, and a box 5 amount. The dividends were put back into the policy.
