Received a 1099-R from John Hancock. Box1 has $408, Box 2a has $0.00, Box 7 has "W" and box 8 (other) has $408. I have a whole life policy with John Hancock with a LTC rider. The $408 in box 1 is the amount deducted from my life policy cash value to pay premium or charges for the coverage under the LTC rider. TurboTax Premium for Mac asked me "What did I do with the Money from John Hancock Life Ins.? Did I move it to another retirement Acct or returned it to the same act OR did I cask it out. The second question asked if I rolled it over? Why these questions?
