derFalke
New Member

Retirement tax questions

I am not sure that the answer was responsive to the queston:

1.   The link is broken, tried it twice.  Result "Not Found"

 

2.   I am aware that the CSV of a life insurance contract  in excess of the total premiums paid is taxable as ordinary income.  The 1099-R that I received from the insurance company shows all of that.  THE ISSUE is that TurboTax shows the entries under the heading: Retirement Plans and Social Security.   This ordinary life policy was bought by me, the premiums paid by me, and it has nothing to do with any retirement plan of any sort nor is it related to Social Security. 

THE QUESTION is will this categorization raise undue attention from the IRS?