As this response is from 2 years ago, I am not sure if you can help me on this.
I have similar scenario where I have life insurance policy that is non-qualified.
I withdrew money from it and invested it in my IRA.
The 1099-R box 1 shows how much I withdrew, Box 2a shows the same amount. Both boxes in 2d are blank.
As the plan is non-qualified, I don't get why Turbo Tax is taxing it?
I am concerned that my 1099-R is wrong
and if I override it, I could get audited.
Would this transaction be taxable?
Thanks
Mike from Michigan
