It depends. If you have received your Form 1099-R and they have only the earnings in box 2a (taxable amount) you will enter your form exactly as it appears. However, if they checked the box in 2b 'Taxable amount not determined', then you will need to find out from your records or the life insurance company how much of the distribution is your earnings.
If you purchased the life insurance with your after-tax dollars the amount you contributed or paid for the policy would not be taxable when you cashed it in.
@Another7Blessing
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
