As you suggested, I contacted the insurance co. The person I spoke with said I didn't need a 1099. So, she was of no help. I waited to the next day and called the insurance co. again after explaining the problem, as I did on the first call, she said she would mail one (1099) out, but it would take 10 business days. She was unable to tell me what the 1099 said.
Thanks for the explanation and the support. You are a great help.
When I do get the 1099, I am assuming it will show the sum of money they sent me for terminating the policy but not the premiums I paid. I never deducted any of the premiums on my taxes. The 1099 will show the termination money but they have no way of knowing the premiums were not deducted. How do I show the deduction for the premiums I paid over the years? (I am assuming the 1099 will only show the termination payout).
I want to thank you very much for your time and expertise. You have been a great help and I thank you very much for taking the time to help me.
